I was looking at Plunger’s LNG chart and thought “geez, that looks more like a bottoming structure than something I’d be interested in shorting anytime soon. How much meat is left on that short bone?”. Then I looked at my ERX weekly chart with fork already fitted from weeks ago and I think we may be carving out a bottom. It will likely take months of basing to actually start to make money on the upside but other charts look better to me than this one to be thinking short. Just a perspective that may be helpful.

ERXWeekly

Speaking of not much meat left on the bone, the CRB also looks closer to bottoming than serving up a wonderful risk/reward short. Just throwing out some perspective to keep us all honest.

CRB