Natural Gas Update

click to enlarge
This sub wave  labeling may still turn out a little differently....However;
the corrective choppy move up from the 5.06 lows has taken long enough that the whole thing appears to be an abc structure, correcting the fist abc down. That spot month  6.11 to 5.06 move of 1.05 will be equaled at 4.50 if todays high completed the abc structure up. That is just under the Mar contract low of 4.56, and would be consistent with a B wave of larger degree.


Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate