At some point ng needs to bounce
Oil may drop from here
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It will start going up tomorrow or Friday.
Andy
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ng or wtic? You lost me.
Natural Gas Leap sorry about that.
Andy
Let’s just see if I am right
It has to happen it is oversold.
But it will continue downward.
Today in CT it should be 10 F. Instead we are having a 40 F day.
I am just looking at it on a technical basis. I am tracking UNG, but for today I am incorrect. If it doesn’t turn up tomorrow I will say that I have no idea what I am talking about. Interesting problem. Heads I win, Tails I lose.
Andy
I do not give it a day to day in any of these calls.
NG has to bounce eventually but the trends are really down hard. As we can see.
Oil is rolling over usually with that sort of rounded top. That is not a prefect thing though.
The pundits are again out on Yahoo selling oil to the masses as an investment. Wonder why? It is not a free market. Neither is NG with the Western Cartel acting to push down prices.
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I usually go all in because I am never wrong, until I have no money left.
Andy
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