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While crude, ES, YM, NQ, and everything else under the sun rallies, natural gas says, “no way”—as usual, it tends to do its own thing. On the daily chart, we have a bearish outside vertical candle/bar that formed, after price tested the old floor (support level) around 3.70. In my opinion, the best bearish outside bars are the ones that close lower than the previous daily low. It looks like the next target could be that 3.50 price zone.
That’s pretty much all I have got for now—I like to focus on the trades that really stand out. The indexes continue to play games in their respective boxes and the currencies are all over the place, so this trader is just watching and waiting to see what they really want to do. I apologize for my absence. I was under the weather for a bit and then got caught up in other projects. Trade safe folks cause pippin ain’t easy.
That’s pretty much all I have got for now—I like to focus on the trades that really stand out. The indexes continue to play games in their respective boxes and the currencies are all over the place, so this trader is just watching and waiting to see what they really want to do. I apologize for my absence. I was under the weather for a bit and then got caught up in other projects. Trade safe folks cause pippin ain’t easy.
Slim
Sheriff sales