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.
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
