NatGas - Massacre

2023년 1월 26일

I don't have a working cycle count in NatGas right now as I haven't traded it since it topped earlier last year.

This is a falling knife.
2 days ago we lost 3.300. That was the 2021.02.18 top and the Fibonacci 78,6% retracement level. As we broke below that level I see nothing until 2.442 and 2.267.
If anyone wants to long this needs to wait at least a reversal candlestick pattern but I wouldn't try any long position before price drops between 2.442 and 2.267.

2023년 2월 13일

노트

Trying to bottom at 2.442 just as I mentioned a few weeks ago.

2023년 2월 13일

노트

We migh have a fast drop -stop run - to 2.267.

2023년 2월 14일

노트

The red arrow drop what I highlighted on the last picture is just a possible scenario what may or may not happen

2023년 2월 14일

노트

If you start to short it here for a small drop you might find yourself in a short squeeze because sooner or later a nice bounce s coming