Natural Gas Forecast

May 19, 2016

Natural Gas has dropped down to the bottom of the channel and is primed for a jump. There are bullish divergences on the hourly wavetrends, the Daily is working to turn up, and the Weekly/Monthly waves are strong. I this to coincide with a minor pullback of USD. My first target point is $2.33, but I'm hoping for it to jump up near $2.6. If it does go to $2.6, the retrace could set up a nice H&S reversal pattern at $1.82.

May 25, 2016

Note

This idea has been abandoned and replaced with this one.

Jun 1, 2016

Note

I'm too impatient... it has reached my TP1 and still looks very strong, I won't be surprised to see it hit TP2. Plan your trade and trade your plan... I only did step 1. :(