I think here we are on the last wave down to 3.400. A regular swing has formed at the median line, between the inside 50% sliding parallels and finally touching the 20MA. A small trend-line can even be drawn joining the higher low points of the swing. I consider this as a bearish swing that could project the price at the 3.400 demand area. A that point the bulls could gain control.
Comments
QuantitativeExhaustion
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Fracking Technology and high rig count oversupplying the market. Higher oil prices not doing much either. Need to see demand go up or supply (drop in rigs or anti fracking legislation) to rally nat gas.
LEONES
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Yes, I know, I think we could see another drop here. I'm short and planning to close at 3.400