This update is simply highlighting a few things that stand out right now, most of which have been highlighted in the trading room. First up is natural gas. Several members in trading room are currently trading natural gas, including @joefriday, who has been actively posting charts & updates (thanks JF). That had brought it to my attention and as of this morning, I have taken a starter position in a nat gas short & may add it as an official trade idea soon. Natural Gas (spot prices on the chart below) looks very likely to reverse anywhere from here (R1) up to R2 & go on to break below this large bearish rising wedge or at the very least, a pullback to the 3.1 level. One can trade natural gas via futures or various leverage leveraged ETPs & if I decide to post this as an official trade idea, I will provide a list of some of those various trading proxies.
Friday Morning Market Update 10-14-16
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