Long

NatGas Megaphone

Updated

Nat Gas has been in a consolidation zone of epic 6month length
It has recently been following an expanding swing or megaphonic pattern
There is a clear precedent for this type of behaviour

It will surge upwards to 3.3 area before a big drop to 2.36 as bullish oil brings on excess gas supply

Note

As of now January 12th this has played out perfectly

however, there was just an EIA record draw of natgas and I am now following chart with EW and expecting a retracement followed by last leg up before the big bear move down so revised to

Down to 3.08 ish then last bullish leg of EW wave 5 to 3.6 then killer down leg to places unknown

Note

In character with a megaphone it will break higher and also decrease (tank) lower as the down leg indicated

Trade active

Note

active but near reversal

NuclearSunset

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