Natural Gas – Short Term Downside Setup At Hand

From a birds eye view, Natural Gas (NG) is completing a (2), with an ideal price target into December of this year of $2.26 - $2.16, after which we will be looking for a rather large rally to the $6.70 region over the following one to two years – see monthly chart. This offers long term investors an opportunity for enormous returns during the same period we are advising subscribers to go to cash in equities.

In the near term, NG has setup a traditional Elliott Wave i ii 1 2 to the downside to complete the final move lower to 2.26, or an additional 21% drop from current levels.

Don’t miss the opportunities that NG is offering both in the near term and the longer term setup that will occur later in 2018. Once the downside completes, we’ll be looking for opportunities to use shares of UGAZ to take full advantage of the substantial upside.

Check out our Pre-Open video on NG and other instruments here. 

Login or start your free trial to see our deep dive weekly video on the direction of the market (including NG) and access our in-depth charts as well as the Live Trading Room. 

This article was also posted on Brian's Seeking Alpha blog.