natural gas - 10 consecutive red candles in a row

have you guys ever seen something like this in any commodity?
i mean 10 consecutive red candles in a row............and each candle has a new fresh low.............can it be 11th red?

http://www.picbaran.com/files/6o3mrpbp90wohb3uixf2.gif

Whoa. Is that spot/cash natural gas? Holy double top, batman.

Looks like commodities are pricing in a big global slowdown.

some retrace now down again...

how can price jump between 14$ and 3$.... <_<

Currently at $3.373.

No major changes since Apr really, so prolly just a range. Looks like value is around $7 with resistance $13.50.

I read in the news say previous years there has been shortage in n-gas.

not sure if recently demand drops?

I produce alot of natural gas myself. This probably deflates the price.

On friday Natural Gas vs. USD closed with 2.789!!!! Some Analyst say it could even drop to 2.2 - which is below cost.....

However I think we should have an eye on this - this sure will go up on long term.

Any opinions?

Cheers and nice sunday!

If it goes below 2.6 then it should test the 2.00 level from 2001/2002 with 1.6 as the long term low from 98

At the moment the supply is well above the long term average.

It will surely need to drop toward the lower average level or there be potential of that happening for a halt to the slide.

http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html

Thanks, Steve - yes, I think it will drop some more and goes sideways a long time... - until the industrial demand will increase....

Nat Gas tends to start a run up heading into winter, just in case it might turn out to be unusually cold. Then, if that bears our, a huge jump in price. Doubt the $13.00 level would be reached as there is so much production right now.

may Natural Gas fall more?
which is good range to buy positional???