SalN
Long

Natural Gas "It just Dawned on me"

NYMEX:NGH2018   NATURAL GAS FUTURES (MAR 2018)
I was laying on my couch thinking about NG             and wondering what in the hell is going on with it. Then it dawned on me. After years of a bear market for natural gas             , We are in a corrective ABC pattern. DUH, right. So then I was wondering about the last month of this uptrend and how complicated it was and thought, what if we had an ending diagnol for the A wave and we are now in the B wave. When I drew it, I saw how this drop over the last few days now made sense. SO assuming the drop has completed, we should get a zig zag moving up and then another drop and then a larger C wave up to higher highs. I would not be surprised if the zig zag moves up to the decending trend line . This makes the most sense for me right now. So I am in UGAZ             for now. GL
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