|Natural Gas Review|
Natural gas's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Natural gas (UNG), whether traded on the CME or NYSE, has been one of the better setups in the Matrix. It's Trip Up alignment, a setup driven by the primary trend, has produced sizable profits since 9/19.
Smart traders, a group that's likely taken profits already, recognizes the following: A DI pushing -70%, and massive overhead resistance from continuous layers of weekly reversals from 26.88 to 28.56. The Matrix's reversal's showed us where UNG would stop. This reality is likely the reason why DI is pushing -70%. DI reading below -60%, however, do not guarantee a price collapse. It could be merely a delaying action until the invisible hand pushes even smart money to retreat. Easy money, the move from 23.77, is over. A bullish outcome from here would be sideways chop at resistance that forces deep pockets to withdraw from the short positions. If so, small traders like us must recognize and react. A close above 28.56 likely means a sharp and fast move to 30-31. Patience and study of the market according to the Matrix keeps us half invested or sidelined until the lines in the sand are broken.
Let the true believers scream about the virtues of the gold, crypto or stock trades. It's opinion until the Matrix confirms it. Matrix says watch NG. That's what I follow.
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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.