The Chart
Below is a daily chart of Natural Gas ($NG_F) futures. As you see, the selloff has been pretty orderly. No major pukes and it has been channeling on the way down. What I’m watching for here is a break above the channel (to possibly play it on the long side) or failure/a hold at the channel (to play it on the short side). The channel might not be the cleanest one I’ve ever seen but it’s there.
(There’s no guarantee I take a position, but it’s going to be interesting to watch to see how this resolves.)
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