Natural Gas:
Please see my last post on Natural Gas here first: http://theelliottwavesufer.blogspot.dk/2013/07/elliott-wave-analysis-of-natural-gas.html
Finally Natural Gas is no the move higher. Longer term I'm still looking for a rally towards 5.97 and possible even higher.
We are currently testing the long term resistance line near 4.30, but a close above her on a weekly and of a monthly basis will confirm a continuation higher towards 5.97 and likely even higher towards 7.18, which is the Inverted S/H/S target.
Looking at the daily chart we can see, that wave iii of 3 is taking of nice after the break above the base-channel. The target for wave iii of 3 is at least at 4.49 and likely higher at 5,18, but only time will show.
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