well, if your along for this ride you might start questioning the long thesis – I’m not there, yet, due to my entry down in/around the low 9’s … but, certainly looks heavy.
for now, we stand w/ our thesis that the low 89’s was a major low and this is a retracement in a wave 2 or B-wave w/ a rally to come.
I do like the support found from the polarity log trend line …
staying long …
here’s a look at the NAT GAS continuous futures contract … note, we’ve completed the “largest” move up since 2005 (blue lines) … reasonable to expect a move up like the orange ones from the past?
