The Sep'09 Natural Gas contract is stuck in a corrective trade but will remain a positive opportunity above the 3.803 Inflection Pivot. Look for opportunity starting at 3.868 down to 3.803 expecting the rally off the recent lows to resume targeting 4.575 on any sustained move. 4.069 is the positive trigger for the current forecast.
A break under 3.803 puts the contract back in a messy digest with 3.537 the low point for any new consolidation. Only under here are the aggressive sellers back.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
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