This is the monthly chart for Nat Gas. As you can see I think we are nearing the next push up to finish a large B wave. But if you look at the time frame...it could be a while until such a big move happens. Short term thought....I think we are going to be starting a 3rd subwave up soon. Hope this helps a little bit.
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well it looks like we are not going to reach all the way down to the .618% retracement for the sub wave 2 of this larger wave 3. Ill zoom in to show you.
15 minute chart
5 minute I think Ill buy ugaz now and give it a go
It's not going be too long because may June and July are heaviest heating months thus more energy consumption thus more Nat gas demand
SalN
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@Ctho223, But in June ish of 2011, 12, 13, 14, 15 ...NG started to dump. It is almost as if the month really doesn't matter. The more I see contradicting readings the more I think this stuff is programmed in an algorithmic supercomputer. It is as if the pattern is the tell more than anything else. With the exception of a very complicated pattern recently.
sadeth06
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Nice but I think It will Go 2.500 1st and come Back
SalN
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@sadeth06, you may be right. I have been considering that push down first as well. The pattern over the last year or two has been very difficult to figure out
sadeth06
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@SalN, Yah Iam with you on That Lol. Its realy Nice if its go to at least 2.520 then without any worries can Buy Until 5.000 Lol
sadeth06
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@sadeth06, Please Keep Us posted so Together WE can Buy later hahaha
SalN
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@sadeth06, I try my best. I want to be correct just like you. I always welcome other perspectives
SalN
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@sadeth06, yes... that would be great. An easy ride. Unitl then they are making the pattern very difficult.
sadeth06
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@SalN, I listed all the Gas Storage Reports and how the price Moved By the report, I saw that Even report is Bullish Gas was still selling and Even Bearish Report Too. After 12 Hours Price Has Move to report But Not that Much Only Few Pips. Still Trying to figure this reports. Any Idea About the report will help a lot thanks.