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Zhong Lu

Natural Gas

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Ok .Out.  

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(edited)

Back in.  Holding above 9 day moving averages, comfortably.  Seems like today was a consolidation day.

Edited by Zhong Lu

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(edited)

Weird weird price actions. Algos going crazy.  Check out March and April contracts, candlestick chart, 15 minutes.  Sold the pop.  Still holding small position. Will buy dips.  Pretty sure bottom is in.  

Edited by Zhong Lu

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(edited)

Hope you sold above 2.  They went stop hunting. 

Edited by Zhong Lu

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(edited)

Buying back at 1.9. Reason:

1. Evidence of short covering.

2. Despite the massive dropoff, we're still in an uptrend.

3.  Large short interest.

4.  Move gave bagholders from 2 a chance to unload.  

5.  Report was very bullish.  

6. Producers can't survive at these prices.  Also, buying UCO (oil) for obvious reasons (just look at that chart).  

Edited by Zhong Lu

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