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Tuesday, February 25, 2014

Natural Gas - Wild swings, but the target is still at 7.20.

Natural Gas

We have seen some wild swings the last couple of days, but I'm still looking for a rally closer to the inverted S/H/S target near 7.20. We re clearly in some kind of wave three, which the upside acceleration is proof of.

Short term I will be looking for support near 5.20 protecting the downside. To invalidate my bullish count it will take a break below support at 4.56.

1 comment:

  1. Hi EWS need your help got ZAR totaly wrong was convinced i was right came back yesterday to see a decline which broke under 10.8065 which was ment to be my wave i bottom should we now look from 11.1069 and then i ii i ii and iii ending at 10.7510 confused your view would be great.
    Brgs jt

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