NatGas - UPDATE
Why KOLD is signaling a Reversal
Natural Gas has this stubborn way about her, to the extent she has earned the unsavory title “Widow-Maker” — in honor of the wives in earshot of their stubborn husbands screaming then gasping from the Man Cave.
Undoubtedly I’ve met a number of more skillful or courageous female traders of the commodity, NatGas.
Well, today KOLD has taken out highs of Wednesday and Thursday on strength. For those who held short Natural Gas in KOLD, I commend you and your stubborness. I also commend those of you wise enough to exit this grueling beast of a trade.
Charlie Whooph, weeks ago, made the accretively early call, which some might qualify as a “bad call” (no offense taken) that he was SHORT NatGas in KOLD. He grew the position and held. Whooph adds, all the credit goes to Whomever it was on Substack that said:
“Sometimes it pays to be more stubborn than skillful.”
He luckily read it. Thanks to Whomever.
So now, since KOLD’s Wave 4 may seem to have reversed to begin its Wave 5, which would be the final wave of a memorable roaring bear of a downtrend for NG, Whooph holds SHORT in KOLD for a profitable Wave 5.
However wounded and bleeding, after snatching Defeat out the jaws of Victory, Whooph has stubbornly re-snatched victory out of the jaws of Defeat!
At the completion of KOLD’s Wave 5, no doubt upon technical weakness and we will announce when we see it, Whooph will likely reverse LONG NatGas into BOIL for the Winter Escapades. But not just yet…
