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A Big Picture Look


From a big picture perspective, this is the scenario that my work indicates is in progress.

My interpretation argues that the double corrective low at 3.350 ended the last period that natural gas could have, or should have, imploded to invalidate the bullish scenario, and that since the double lows at 3.350, the price structure has entered a new upleg.

Unless those lows are violated, I am going to attempt to remain long the United States Natural Gas (UNG), but also to sell strength and to re-enter on pullback weakness only until, and unless, natural gas hurdles the powerful resistance line shown on the enclosed chart.

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