NatGas Megaphone

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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

ความคิดเห็น:

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

ความคิดเห็น:

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

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ความคิดเห็น:

active but near reversal