Wednesday, January 19, 2011

Nat Gas


I've been long since 1-10 (see post in archives). The price has not only broken out of a down channel, but has broken above the cup and handle pattern, inverse H&S (white line on the chart) very BULLISH! If you're conservative you may want to wait for a pull back to 4.20. I'm adding to my long position. Looking at Nat Gas history, when it breaks trend or consolidation it usually explodes to the target. Looking for price to go to 6.11. Hope it helps...


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1 comment:

  1. you don't answer to Anonymous or those who use their name

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