Nat Gas Rejected
This is the first time I have charted Nat Gas on Tradingview so we are starting with a blank canvas.
We completed a large 5 wave sequence in the first quarter of 2016 and have since bounced in what has been a corrective ABC. This has clearly completed and we are looking at a very aggressive rejection.
Support at 2.3 / 2.5 is approaching but the sustained weakness shows no signs of stoping. The aggressive move away from the highs look impulsive in nature and continuation of the sequence to the downside looks cooked.
All the best
We completed a large 5 wave sequence in the first quarter of 2016 and have since bounced in what has been a corrective ABC. This has clearly completed and we are looking at a very aggressive rejection.
Support at 2.3 / 2.5 is approaching but the sustained weakness shows no signs of stoping. The aggressive move away from the highs look impulsive in nature and continuation of the sequence to the downside looks cooked.
All the best
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