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
I see that the Head and shoulders macro has failed to complete and that Nat Gas has experienced a prolonged consolidation period. we are currently resting on buy levels and we have a clear trend line base at the same time
I think that oil is going to follow a similar trend from these levels as 2016 Aug through september Extremely bearish model