NATURAL GAS NEW UPTRENDHi Traders,
Natural Gas (now at 3800) started a major uptrend as 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1".
As you can see by the 2-hours chart above we're still plenty of time to get on board for a long position.
ELLIOTT WAVES
The letter "C" at the bottom right of the chart marks the very end of major retracement wave C. That wave was part of large A-B-C downward correction started from the top at 6,481 on FEB 24, 2014. It bottomed at 3,537 on OCT 28.
TARGETS
first 3760-43
then 3924-50
PS: apologies for not providing more charts but I'm utterly busy.
Mario D. Conti.
