Head and shoulders pattern forming in natural gas
Critical support at 2.53 region, break below would see further down side for NG.
2 trading scenarios:
1) Anticipate a sell-off with a half sized short position now with stops at 3.5 and load the remaining half after the break below 2.53.
2) wait for clear confirmation to break below 2.53 and short on pull back.
2 trading scenarios:
1) Anticipate a sell-off with a half sized short position now with stops at 3.5 and load the remaining half after the break below 2.53.
2) wait for clear confirmation to break below 2.53 and short on pull back.