The Canadian Technician

$NATGAS Fails To Stay Above Support

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It seems Natural Gas ($NATGAS) is failing. It really needed to hold $3.72. I spoke about it in the webinar but it continues to break down.

Investors in the Natural Gas stocks that were looking for a bounce like I was have been disappointed.  We will have to wait for a better signal.

Good trading,
Greg Schnell, CMT

 

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com 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). Learn More
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