Nat Gas Right Shoulder Forming

How high will nat gas go as it forms the right shoulder? No one truthfully knows but we can all speculate. It may not even form a right shoulder. As I write this, nat gas is hitting resistance of PWH(previous week high). A close above the PWH can set the stage for a R1 challenge on the monthly pivot time frame which is $4.126. Given the weak fundamental demand this seems unlikely. I doubt the commercials will sit idle and let price go there. It would be too good to pass up and they are too powerful. If and when this move fails, that sets the stage for $3.58 test(monthly pivot) and then a PWL of $3.05. This would complete the H&S neckline which means sub $2 could be possible. A lot of possibilities at this point so it is wait and see right now.