Trading Natural Gas Futures Can Feel Like a Real Circus ...

Natural gas futures have been very weak the past six months. Several months ago, the world seemed to be betting on a cold winter in Europe and soaring futures prices. In stories on gas prices, we saw images of huddled masses. Those dire predictions have not come to be but now is not the time to shift gears to a bearish forecast. Let's review the charts and indicators.

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With Apple use the stock's 'thin green line' as a guide.

While support levels have been building and the number of new lows is declining, there is no sustained momentum outside a few big-cap tech stocks.

An orderly move lower in the near term would be a trading prerequisite, but a sharp drop probably would scare me off.

Let's take a look at the indicators -- and how they haven't changed -- as well as the overbought reading and why Wall Street has a supply chain problem of sorts.

Despite the intraday reversal in Apple, Microsoft, Alphabet, Amazon, and Tesla, all helped the Nasdaq 100 outperform the other indexes as the small caps disappointed.

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