Natural Gas overextended as hell
Updated
Natural gas is right at the 1.414 fib extension w.r.t to the highs of 2018, the rsi is extremely overbought on the weekly charts, and the entire up move has been characterized by low volume.
I would not be surprised if we saw a 20-30% correction in the short term.
Keep strict stoplosses of right around 6.8.
I would not be surprised if we saw a 20-30% correction in the short term.
Keep strict stoplosses of right around 6.8.
Note
20% correction done, cover shorts
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