natural gas – where to from here?
Yesterday, natural gas broke the downtrend line (top blue) of the symmetrical triangle. These triangles signal continuation of prior trend for about 75% of the time and are reversal signals otherwise.
Here is a 2-year daily price chart:
Will natural gas break out of its multi-year downtrend and surge forward or will it go to new lows? Here is a 5-yr weekly chart:
And just to throw a kink, here is a seasonal chart which suggests that the time to short natural gas is right around the corner.
Disclosure: short natural gas