Thursday, January 05, 2012

Natural Gas falling in possible Ending Diagonal in wave [c]!

Natural Gas fell sharply from July 2008 in wave [a]. Then we rallied in 3 waves in wave [b]. Now again we are falling in 3 waves, this price development is similar to either a triangle in wave [b], or an ending diagonal in wave [c]. The targets for wave (3) of [c] is around 120 levels and the target for wave [c] should be around 105 levels. All in all we are looking at lower levels on Natural Gas from here.


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