Wednesday, June 1, 2011
Natural Gas (NG) Daily 6/1
get long natural gas in previous posts, and also saw my thoughts on where to take profits, well then listen here. Looking at a zoomed out daily chart of natural gas, it looks like its running into a previous trendline right here (@4.7, shown in yellow) and may be headed back to the lower area of this channel formed by the lower yellow line. I think this is as good of place as any to take all profits and wait for a pullback to get back in.