Natural Gas Futures
Natural Gas is a very popular commodity to trade. It is worth keeping an eye on for the formation of wave 1 of an up-move. It seems that the larger-degree corrective move has completed in 2016. Short-term, looking for a bounce off the lower channel trend-line.
Note
Some indications of that lower TL bounce. Let's see what deveops, I would prefer to wait for a solid sub-wave 1 up to to arounf 25 - 40% to the upper TL, to retrace <100% and show good volume approaching the sub-wave 1 top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.