tradedevil

Got Gas..?

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NYMEX:NG1!   Futuros de Gás Natural
6
Ya just gotta love this stuff... I don't know that it can get any more text book than this. Classic TA meets Elliott for a potential big swing for the fence. You don't see a prettier hear and shoulders than we have on the daily. Take it down to the hourly and you have a very nice impulse wave unfolding. If the trend is string enough the turn at the 38.2 has excellent probabilities. We can get short here with a tight stop. You've got a short term target on the hourly of 2.82 and a long term target on the daily of 2.50. Same stop for both. Gas can be volatile (sorry, that's a bad pun) tight stops. This is one to watch. Until and unless that wave-1 low is breached this count holds much potential... get some.

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