ThinkingAntsOk

Top and Bottom analysis on Natural Gas (NG) by ThinkingAntsOk

NYMEX:NG1!   Natural Gas Futures
Use this as a guide to develop your view on the Chart.

Main Items we can see on the 4hs Chart:

a)After the breakout of the Massive corrective structure, we saw the beginning of a new bearish motive wave
b)Our main target for the end of the bearish trend is the Daily Support zone at 1.650
c)The main structure for the down move is a descending channel , is very important to pay attention to it and see if the price keeps respecting it.
d)If you have a short position opened the support zone can be an excellent target
e)If you want to open Long positions, wait for the price to reach the support zone , and give at least one week to see a formation there.

Daily Chart
Thinking Ants.
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