July Natural Gas rallied to the exact 38.2% Fibonacci retracement value from the highs made in late May before being aggressively sold off toward the end of trading to generate new lows on the session.
More buying in major stock indexes Tuesday gave the short-term trend a more positive flavor.
This is a market of relationships. The more we understand those relationships, the better we are prepared for the unknown.
CFTC orders ABN AMRO Clearing Chicago LLC to pay $1 million to settle charges of segregated and secured fund deficiencies, a minimum net capital violation, books and records violation, and supervision failures.