Tuesday, July 29, 2014

DGAZ Revisited

Natural gas creeped higher than expected. It's safe to say that the convex trendline didn't hold while the concave, which in the end goes vertical, can be drawn in a way that it will hold for almost any scenario. Regardless of this, natural gas has had a though battle between longs and shorts the last days, and I believe a downturn is close. The overall chart pattern still looks toppy. I am about 35% invested so it would be very profitable if it would start coming down from here.

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