Post by
Cobalt on Apr 18, 2022 3:57pm
Nat Gas 2nd most overbought back too 2003
Now we watch for a topping candle , blow off top? till the ACs turn on dyodd
Comment by
Nothingmatters on Apr 18, 2022 4:52pm
I am going to watch the orion nebula today...
Comment by
Relaxrelax on Apr 18, 2022 4:56pm
It's a commodity not a stock.....overbought? LOL!
Comment by
Cobalt on Apr 18, 2022 6:14pm
Wow just wow , a commodity can not get over bought? you know they call NG the widow maker we are very much set up to find out what that means fun fun , if you have the skills HND 2x bear on the turn fun fun cheers
Comment by
Relaxrelax on Apr 18, 2022 4:54pm
What do you mean by overbought? It's bought because the market is short gas and demand is there.
Comment by
Nothingmatters on Apr 18, 2022 5:22pm
Half of the people here are hust wannabes
Comment by
Cobalt on Apr 18, 2022 6:25pm
No its bought because future traders perceive this to be true and when they all get on one side margin is raised some must sell cascading others to sell then margin calls come in and the widow maker is born , try to keep up with just saw this in Oil at its high and gold/silver for its bull etc etc cheers
Comment by
Cobalt on Apr 18, 2022 7:39pm
Correct but remember a Oil name like BTE dropped 23% after the Oil blow off top before doing new highs , that is all i'm saying for NG names , people get so piss-d on short term pull back calls , love it cheers
Comment by
Burgersandfries on Apr 18, 2022 7:48pm
Lets see what happens I can't read charts but your theory makes sense. Hockey sticks break! I'll hold and add on pull backs just not a good trader
Comment by
Cobalt on Apr 18, 2022 7:52pm
Long term NG names look to be the best macro play out there even better then Oil names , if i get the set up short term i can see HND 2x NG bear returning 50% in weeks , cheers