mariodconti
Long

Natural Gas Major Pivot Point

FX:NGAS   Natural Gas (Henry Hub)
Hi Traders,

The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend.

The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that should be completed at the beginning of the week.

At weekly and daily level, this is the very end of a major A-B-C retracement.

TARGETS

first down to the area 3515-3475
then up to the area 4163-4187

Cheers. Mario D. Conti
au .linkedin.com/in/sydneytraders/

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