Natural Gas: are bulls capitulating?
The bulls have made 9 attempts at breaking out. All attempts have failed which has led us to this sharp decline.
Nat gas is holding the 20 day MA but it does look somewhat vulnerable to going lower.
The death cross is getting closer and closer as we approach the 50 MA & 200 MA downtrending intersection.
Our members stopped out of the second half of UNG in profits
I am now hoping and waiting for a sub $2 pierce retest. we shall see if we get it.
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