|Natural Gas Review|
Natural gas's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Natural Gas $UNG
Natural gas ($UNG) is volatile. Volatile markets are hard to time, and require great patience waiting for the right setup.
The Matrix define NG's composite trend as "out of alignment" and in consolidation. A sustainable upside alignment of the composite trend is going to need (potential) energy. I will discuss the next Reset (R), but I caution against assuming it will be viable.
I have created a Natural Gas Report 11/10 to discuss the setup beyond a traditional Review. It has not been updated yet. It's never wise to play natural gas unless the setup is right, and in my experience that setup better be close to perfect. Since the primary trend is up, and the core position is long, the next setup will be a Reset (R). Will it be viable?
Natural gas tends to be a market dominated by forced opinions that generate a lot of bearish and bullish calls. Many of the calls fail due to the volatility of the trend. As I said, great patience must be exercised.
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