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XNGUSD Is it on the correction path or another sell trap?

NATGAS The chart appears to be completing wave 5 and may be about to start a corrective A-B-C move, in line with Elliott Wave Theory.

NATGAS you asked for it.
Short obviously.
Targeting $2.8 first, then $2.6 to $2.5.

Looking for a solid injection season, most bearish EIA storage build in over 30 years, we'll probably head into winter with about 4000bcf in storage.
In comparison, most bearish has been roughly 3900bcf.

But, winter is meant to be damn cold. So I'm looking for longs in around Mid September, to ride a massive winter bull run.

We got Hurricanes and 3 months on Injections left, I wouldn't be trying to catch this falling knife.


NATGAS i remember the good old days, when this chat used to be eventful, helpful to others

kinda meaningless nowadays