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Sunday, April 22, 2012

Answer to my quiz on Friday was Natural Gas


Natural Gas Inverted

The chart I showed in my little quiz on Friday was of cause and Inverted chart of Natural Gas .

Asked whether you would buy or sell. I think the trend in Natural Gas has matured to a degree where it could turn around any time now. We have entered a strong support area and at the same time the MACD-Indicator is showing a massive positive divergence. The problem with divergences is that they can run for many months if the trend is strong, which is the case here.

A break above the resistance-line from 3.69 will be the first indication that the long term downtrend is over.

1 comment:

  1. ok sir was waiting for u r update since morning...thanks, currently huge funds already block jst waiting n wishing for turnaround.

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