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May/June Natural Gas


May/June Natural Gas

  The rally, which I thought would have been a reaction rally, has exceeded correction rally targets. It will not take very much more strength to turn the long term trend indicator positive. I dont  believe a move to the downside will be a dramatic move, therefore I would cover shorts on any weakness. At this writing, prices are attempting to move above a Gann level and MOB bar resistance so a slight setback may be in order.

Dont stand in the way of crude oil.

May Sugar

Cover short positions in sugar. I might probe the long side risking a close below 16.45

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