the thinking being that prices could rise from that Aug. 8 spike low to ~$3.60 and still be in a down trend.
So, how to recognize the next turning point?
and which trendline will have to be broken before any decisive action shows up on the daily chart.
So, what might be the actuator for a reversal?
The temperature at the NYMEX is going to be a couple ticks chillier than average:
It's ridiculous I know but it's amazing how often it works out and by working out allows you to use all that power in your Baby Crays or NVIDIA Tesla supercomputers to watch cat videos: