NatGas: An overview

The new low of 31/10/17 made a new probable path for NatGas to take in the coming time forward.
While this recent low may have been the low, we might risk going a bit lower.
Based on monthly supports/resistances, a visit to approx 2.589 seems quite reasonable before reversing.
Invalidated in case of lower than 2.540.

Good luck.

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An ABC correction has all the requirements of completion. But this has been a very choppy and extremely long-lasting correction. We need more confirmation in order to say that the low is "in". I still find it very probable with one more leg down to either confirm or invalidate the last low. But in the markets; there are no clear rules in this regard, only what is common an probable.

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Increased confidence that the low is in. Target should be 3.9.

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There is a high likelihood of gap-fill:

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Gap is @ 61.8 retrace, also the length of 1.618 of wave A

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GAP is filled in FUTURES here @ 50 % retrace.

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Might be an OK place to try out a long

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Personally I re-longed tday the position i sold at 3.1