November 23rd, 2014
Published Daily

NGH13 – Natural Gas (NYMEX) (Last:3.321)

by Rick Ackerman on February 1, 2013 1:41 am GMT

The futures have just tripped their third buy-signal in a year on the daily chart, and even though this may prove to have been a false alert, there is probably money to be made trading from the long side. The actual signal came at the 3.3673 point ‘X’ shown, so camouflageurs should focus on buy-side opportunities here. My hunch is that the move will get to p=3.503, at least, without stopping out those who have boarded thus far — a ’successful’ trade by our definition. (A ‘winner’ is a camo trade that gets to ‘D’ or higher.)

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