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TFC Commodity Trading Forum

Re: Trades/ have access to volume charts?/Ronbo *PIC*

Well this is what I've got on Oct Nat Gas. Nothing positive that I can see yet. Volume hasn't been falling off on this chart. And everything is still bearish including the distribution rather than accumulation. And on balance volume meaning money is still flowing out of it. And prices breaking to new contract lows. The breaking below 4.15 was very bearish. Price is trending down again rather than sideways which is good so now we have indicators to track for a 'change' in trend. As long as price is 'trending' you'll see price respect the 20ema and find it acts as resistance when below and falling and support when above and rising. Then breaking above the 20ema become significant and a possible trend change at least short term as long as price can hold above the 20ema. That would be encouraging if and when that occurs. Breaking above 4.15 would be stronger yet. Meanwhile back at the ranch it's only time to clean and load the gun but nothing to shoot at just yet..............