The chart for Natural Gas ($NATGAS) looks weak, has been weak and continually goes lower. When will it stop? We are between the last two major bottoms of the commodity.
The chart needs more review, but we should keep it on our radar for a potential reversal day or week. I'll be talking about it on this afternoon's webinar. If you are interested, here is the link! Commodities Countdown.
I think Gold, Oil, Natural Gas, Copper all have a story this week. Some of the currency moves are part of the info pack. Should be a big week for webinar content.
Good trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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