It seems NG has started a new impulse wave as it finished C move down in late October. The momentum in price sees a higher low, and a potential for a bullish continuation should see a test of $7.1 resistance level. Major resistance is seen at $9.7.
I see energy as the ONLY short-medium term gainer. NASDAQ has been underperforming greatly in the index range, and will probably continue to see lower demand as earnings have been disappointing, and Fed's tightening policy continues.
I see energy as the ONLY short-medium term gainer. NASDAQ has been underperforming greatly in the index range, and will probably continue to see lower demand as earnings have been disappointing, and Fed's tightening policy continues.
Comment:
1ST TP @ 7.94, if my count is correct, wave 4 should continue price movement towards $6.95 before next leg up.
Comment:
2ND TP @ 6.58 at slight profit, wave 4 quite obviously did not correct above wave 2 so playing it safe.