ATTN EAGLE, NG
I was bearish but shifted gears this morning to long, I may be too soon and maybe this doesn’t happen at all but NG appears short term oversold but we could see a lower low of 3.33 in my books. This wave is pointing to a gap close in the 3.67 area early next week. I don’t like the daily structure of NG because it looks awful for a pop but it would sure whipsaw some traders right now, also the action yesterday after inventory report was hugely bearish but that may be the fuel we need for the gap close. Playing very tight stop.
Chart in comments
http://invst.ly/2yha3
Thanks Randy, I stand flat in NG right now…The easier money has already been made. Thanks for the updates buddy…
As discussed Randy I had been waiting for 3.37 approx area to cover shorts. Now covered. Although it is an area of support the structure is not right for longs for me.