NG Over 5.00 whoohoo
Natural Gas Hitting It's Marks from Sept. 30.
It would be very constructive for NG to hold the .618 retrace of today's little pop, at 5.00, coincidentally the back test as well. Now having made that point there aint a lot of money to be made between 5.05 and 5.20, 5.57 would be worth hanging around for, BUT...
What if the spot month is going to consolidate under 5.57 for the next month ? That will put pressure on the curve.