Thursday, December 10, 2009

Natgas monthly pivots

Natgas last week bounced off the monthly S1 pivot at $4.44(blue arrow) and today hit the monthly R1 pivot at $5.33(blue arrow). Thats almost a 25% move in 1 week. Pro traders use daily, weekly and monthly pivots for entry and exits. Just pick your time frame, you want to trade.