where ng will bottom out

rashjohn007 Updated   
MCX:NATURALGAS1!   Natural Gas Futures
Hello guys, some one texted me to know about till when ng goes down so here is the chart,

ng has witnessed a breakdown, now it will take support near to its previous trendline which lies near 138-140
if on daily and bullish reversal form at these level buy itm calls as short covering could be brutal for shorters, after touching the said levels shortcoveing can take it to 154-157 levels , so plz wait for levels to enter. If you have any doubts feel free to ask ... happy trading
ng has touched 140 today but if it closes below 138 then 136 131 will follow, dont make any position till a bullish reveral candle is formed.
disclaimer: no position, but will make one in options.

us lng feeder plant located in texas might start from 17th feb , which is the largest consumer of ng. Once that news kick in , or any bullish candle is formed we will take entry with options..

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