Thursday, December 29, 2016

Nat Gas Update

Back from my travels, and Natural Gas is done loafing too.
If you don't follow me on Twittter @crudewire you're missing out on some nice pics lol.

Note the pithy analysis.

Anyway it's now making fresh highs, no surprise.
AND it seems that the latest move down from yesterday's highs has a choppy abc quality that is characteristic of corrections.


 Note the short term  50% retrace.

This does look like a very possible set up for an attack on the long term 50% retrace at 4.12 .

We will know if it takes out 3.87

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