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The downtrend is definitely broken now so I expect either a trend reversal or a strong countertrend move. 3.4-3.5 seems reasonable as a target in the next 2-3 months time perhaps even faster.
By the way, somehow your periodic donations from Paypal didn't work. I received a single donation. Of course it's your choice. Again thanks for your generosity.
No it's not back in the channel. It's retesting the upper band and I don't think it will go back into the channel. Even if it does and makes a marginal low I still think a major change in trend is happening.
could you please share the upper band boundary level -- where should it bounce or fail? I am inclined to go long, but concerned of a failed breakout. thank you for sharing your insights.
Hi Bouraq,
ReplyDeleteThx for charts and trying to enter position to NG by Ugaz for making some profit and obviously donating :-)
is the NG upside now atleast till 3.5 ? that'd be a great trade.
Thx
Hi Kiran,
ReplyDeleteThe downtrend is definitely broken now so I expect either a trend reversal or a strong countertrend move. 3.4-3.5 seems reasonable as a target in the next 2-3 months time perhaps even faster.
By the way, somehow your periodic donations from Paypal didn't work. I received a single donation. Of course it's your choice. Again thanks for your generosity.
thank you for your updates. nat gas seems to be back inside the channel -- maybe we re-test the lows again?
ReplyDeleteNo it's not back in the channel. It's retesting the upper band and I don't think it will go back into the channel. Even if it does and makes a marginal low I still think a major change in trend is happening.
ReplyDeletecould you please share the upper band boundary level -- where should it bounce or fail? I am inclined to go long, but concerned of a failed breakout. thank you for sharing your insights.
ReplyDeleteJust posted a new one in blog. Hope it helps.
ReplyDelete