you mean lifted his leg and blew an NG fart?
Can Start Buying Natty Now
- Thread starter Comanche
- Start date
you mean lifted his leg and blew an NG fart?
Yeah - can't find an entry. I'm just watching at this point. It's amazing - we hit 6.001
I was going to short at 5.999 but it never came. We'll see - i'm probably going to call it a day - but we may have one more leg down before the close.
Here we go - I maybe
I'm done for the day - you guys are probably right - it's getting exhausted.
do you re-cap after the close guys - i'm turning my monitors off.
do you re-cap after the close guys - i'm turning my monitors off.
Quote from Landis82:
Nat-Gas had a horrible close.
Looks like the Wave 4 counter-trend "bounce" is over with and we are heading lower once again in an effort to finish off the sequence down from the 8.52 mid-May peak.
If 6.849 proves indeed to be the end of Wave 4, target zones for Wave 5 are 6.108 - 6.099 and also 5.650 - 5.635 where Wave 5 equals Wave 1 and the 1.618 fib-extension.
After that, we could have a real nice rally. ( Hurricane? )
See above for my post from July 12th citing much lower targets.
Wave iii inside of Wave 5 to the downside in progress.
Next major support at 5.74
whichever party or parties are doing this is not enabling any confidence in the longs.
let this activity be a lesson to those (including myself) who think they can trade off such arcane statistics as net short vs. long interest. the reality is that any physical market (nymex gas) can be moved far from "fair value" if there exists a side by side price-arbitraged financially settled market that doesn't require the closing of positions at expiration by speculators (ICE).
I agree with you. This is hardly support now.
Where's the guy who keeps buying the dips? Did you close out those longs or are you holding on.