Wednesday, February 24, 2010

NG Targets

click to enlarge
Natural Gas has a 5 count down from a pretty significant consolidation to give us an "a". This contract is not going to NOT have another leg down. Everything is in ABC's, so expect a little abc up, retracing say... Fib point .382 to close that gap, followed by another leg down to give us "c" .
If it unfolds that way the C = A at 4.25 ..also the 50% retrace of the spot 2.40 to 6.11.

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