NATURAL GAS MASSIVE SHORT OPPORTUNITY: ELLIOT WAVE
NATGAS has bounced off strongly from the upward channel it's been following since March, completing Elliot Wave step 3.
I'd expect the price to retrace towards the lower trend line of the channel, marked in green. The lower trend line will be hit somewhere late December to my expectation, just in time to bounce back up to complete the last step op the Elliot Wave.
The bounce is to be expected since it overlaps with the increase in demand which, historically, peaks during the winter.
I'd expect the price to retrace towards the lower trend line of the channel, marked in green. The lower trend line will be hit somewhere late December to my expectation, just in time to bounce back up to complete the last step op the Elliot Wave.
The bounce is to be expected since it overlaps with the increase in demand which, historically, peaks during the winter.
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