Natural Gas, Sellers are back! For those who miss the entry for Long position on Natural gas, Market give you one more chance!

Natural Gas, Sellers are Back!

When Sellers try to break first time Buyers trend, and test 50MA, they fail. Buyers get in the market and push Natural Gas price UP with so strong volume that I was surprise they fail to reach the double top. however, they fail.

This Was the Signal for Sellers to start take control of NG.

So far I mad a potential bearish trend we could see next week.

Natural Gas, Sellers are Back!

Two Great thing happen on Monthly chart. 1st , last month Buyers was able to close above Over Sold Area. And next day, sellers start to take control. Why I’m happy?

Since Buyers close above 4.401 and support this price at the end of the month, they create a Higher Low trend. 

Now , I’m looking to see sellers drop Natural Gas price at 50% at least, and even better tif they drop till my Green Trend line. Now We just have to wait  for Long Signal, to buy some share of Natural Gas.