Chart analysis of natural gas:
1) the above monthly chart shows an impressive downtrend (roughly 75%) since mid-2008 !
Hedge fund manager John Arnold (a former trader at now-defunct Enron) made billions in fees for himself last year by betting on this downtrend using high leverage
2) Support (red zone) is around 1.500-2.000
3) Still time to short? my gut feeling says yes as the downside trendline has not been broken to the upside so far (see the daily chart below)
How can you short gas? either using futures or more simply by shorting the ETF US National Gas Fund (ticker: UNG). See chart below. I would short when it rallies back to 15.0.
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