Natty Update

From Monday, " More likely the 4 is still developing and a 5 will produce new highs. C= .618 of A at 6.26 .
NG would have to get below 5.52 to write off new highs and confirm a longer term move down is resuming.
BUT if you are a producer levels like 5.93 and further out 6.00 might be worth scaling in at."

click to enlarge

The pullback went to 5.53 and the next leg up appears to be underway. Wave 5 = 1 at 6.07.