Natural Gas

Please post your play on natural gas here:

http://groupanlz.blogspot.com/2009/12/i-put-my-technical-notes-above-on.html

Technical notes on natural gas 12.16.09






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Red Box = Bearish note
Blue Box = Bullish note

(mind the
time frames are different on each box: email me for clarification,
don't have time to explain each point at the moment)







I put my technical notes above on natural gas. You tally the points up and you make your thesis.

Ill
say this though. Short to mid term it will be hard to justify a long
(perhaps look to fundamental reasons seasonality, supply/demand
factors...for justification).On a technical basis the evidence isn't
there for a long in those time frames.

Short term (of a few weeks) says prices down. Though looking at shorter and longer frames shows evidence of a trend change.

The
other day XOM bought out XTO. Now that is very hard to ignore
fundamentally. Overall, natural gas has monster bullish potential
monthly-quarterly basis into 2010.

But anyway here's my tally:





AC and The Lord of trading traders will be having a Natural Gas discussion soon here --> Natural Gas Discussion (click here)

and now back to studies for finals!

Snapman, my sentiments exectly on Nat Gas. The price has bounced around for the last few weeks and I think it will continue to do so. I will look to get long after the Christmas Holiday. somewhere in January.

I appreciate you taking the time to analyze some technicals. This definitely helps clarify my position(s).