Natural gas markets went back and forth during trading on Wednesday, showing signs of confusion. At this point, we have fallen just as quickly as we rose to get into the symmetric triangle, so I think at this point it’s probably best to let the market figure its way out.
Natural gas markets went back and forth during the trading session on Wednesday and what would have been thin volume. Ultimately, I think that the 50 day EMA above is resistance, and as it is starting to turn lower it could be a nice opportunity to start selling again. However, if we break above the 50 day EMA, it could send the market towards the $4.00 level above. With this type of volatility, I think that the market will probably find reason to roll over eventually, but we may get a bit of a relief rally between now and then. Look at that relief rally as an opportunity to start selling again.
We have filled the gap at $3.25, which was my longer-term target, although to be honest I didn’t think it was going to be hit this fast. With this being the case, it makes sense that the markets will probably have a relief rally just waiting to happen, but again I think that should be a function of liquidity or better yet, the lack of during this time of year. We are starting to trade away from the colder months in the **res markets, and quite frankly it’s been fairly warm in the United States during what is typically the most bullish season, so there’s no reason to think that the natural gas markets will hold onto gains for any significant amount of time. Ultimately, I am a seller of rallies.
$三倍做空天然气ETN(VelocityShares)(DGAZ)$
$三倍做多天然气ETN(VelocityShares)(UGAZ)$
$天然气ETF-United States(UNG)$
精彩评论