Natural Gas Consolidation

Screaming sideways, every narrower range...NOT an impulse wave. Whether it dumps from here or test's the high of the range, there is a HIGH likelihood of an eventual move to new lows from this formation. 

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In general this kind of choppy action is to be expected with this structure down. Would not be surprised to see it last through the shoulder period accompanied by a decrease in volatility as it makes it's way toward 4.00 / 3.50.