The continuous contract shows a possible bull flag forming.
Note: there patterns are meaningless unless they break above, which should happen this weak. Place stops below the higher low.
Tuesday, May 19, 2009
Nat Gas
Has nat gas finally bottomed? This is probably one of the worst performing commodities, but it has had a significant rally and is now testing MA support. It has finally broken above the 50 DMA.
The continuous contract shows a possible bull flag forming.
Note: there patterns are meaningless unless they break above, which should happen this weak. Place stops below the higher low.
The continuous contract shows a possible bull flag forming.
Note: there patterns are meaningless unless they break above, which should happen this weak. Place stops below the higher low.
