Natural gas … contracting ending diagonal?

It appears that we are hovering around 360 level as it has pushed thru the lower part of my target and has reached the next lower band of 3.586 with a slight push thru… to 357.  This is also looking more and more like a contracting ending diagonal for the 5th wave of a c leg and the rally late yesterday was the w2 of 5 and w3 of five could have completed this morning . Now I will be expecting a push back to 363 in a 4th and then the final 5th down to a possible new low and then the reversal.  We will see how this plays out…. Still positively  long! 

Natural gas… update

The c wave of the natural gas market appears to be at an end. Just a note:(Also a bullish candle formation has taken form after a lower open this morning) and a 1-2 intraday appears to have formed and we are in the 3rd wave higher that played out this afternoon. We will have to see but if this is in fact the end of the push lower ,a sprint to higher prices shouldn't be to far off in a wave 3 of 3.

Indices topped the w4 today?

The indices have moved far enough to the upside for a full wave 4 and I am expecting the wave 5 lower to take over  any time now.   Trgt for the downside in the Dow futures comes in at 15695.  

Natural gas… bottom in sight

Natural gas looks like we are creeping up on a bottom that could target 364-370 in  the front month contract. As we are in a low risk , high reward target zone I will be taking a position around these levels via the dec contract.