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The above chart reflected that a BULLISH “Head & Shoulders” looked to be in place in Natural Gas, back on 6/14 and only 17% of investors were bullish this sector. (see post here)
Since that post, Natural Gas is up 38% in 6 weeks.
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A key test for this hard hit energy sector is at hand. If traders can push Natural gas through this resistance line, NG prices can continue their rally.
This is an example of the Power of the Pattern and the Power of Sectors at Sentiment Extremes. If you would like a Free Copy of our Sector/Commodity Extreme Update, send us an email to [email protected] and we will share with you how you can take advantage of these types of out of favor sectors.
