Natural Gas Index: possible course.
I know nothing about the naural gas market. I do like charts. One year ago I posted a chart on the XNG suggesting the bottom may be in. (see link below). It was when the index was around 392. It turned out to be correct. I don't follow it often but I thought I would take a look again. Here is the way it looks to me. With the bearish divergence in the daily RSI I think a another down correction way is likely perhaps to about "B" which would be a 50% correction of A. This would fit with the idea that they may be one more pop up in the US dollar. Then as the dollar falls we could get anothe rally up to perhaps C. All this speculation is based on fib relationships and wave structure as I see it. Of course PRICE action is more important. Comments always welcome.
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