Comments on: /NG UNG Nat Gas Testing Resistance 10-22-24 https://rightsideofthechart.com/ng-ung-nat-gas-testing-resistance-10-22-24/ Stock Trading, Investing & Market Analysis Tue, 22 Oct 2024 17:33:32 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/ng-ung-nat-gas-testing-resistance-10-22-24/#comment-33935 Tue, 22 Oct 2024 17:33:32 +0000 https://rightsideofthechart.com/?p=215586#comment-33935 In reply to jmccallum.

Appears so. Short-term rates rising most likely due to diminishing expectations of how much the Fed will be cutting at the upcoming meeting(s).

However, personally I’m not shorting the short-dated T-bills/notes here as SHY (1-3 yr Treasury ETF), although it appears to be breaking down below a bear flag, has pretty good support (top of multi-year trading range around 82.36) just below. (see daily chart below).

]]> By: jmccallum https://rightsideofthechart.com/ng-ung-nat-gas-testing-resistance-10-22-24/#comment-33931 Tue, 22 Oct 2024 14:42:36 +0000 https://rightsideofthechart.com/?p=215586#comment-33931 Randy, would you consider the 3 month t-bill chart as a bear flag that is breaking down today.

]]>