Natural Gas Futures are down nearly 8% this morning
NFTRH 734 had this to say about Natural Gas, along with a chart that showed critical support that is giving way this morning:
Natural Gas had better hold here or it’s probably cooked. I don’t know that another buy at 5.50 would work out so well. Also, the seasonal is negative now for Gas.
This chart is not marked up but I am sure you can see the short-term support cluster getting impaled. Meanwhile, I remain short the Energy sector pending XLE’s Diamond consolidation.
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