Thursday, 30 October 2014

NATURAL GAS STARTED MAJOR UPTREND

Hi Traders,

Natural Gas (now at 3800) started a major uptrend 2 days ago as predicted. It's now to retrace a bit to 3760-43 before resuming the uptrend to 3924-50. That should mark the top of "sub-minuette wave 1".

As you can see by the 2-hours chart below we're still plenty of time to get on board for a long position.

ELLIOTT WAVES

The  letter "C" at the bottom right of the chart marks the very end of major retracement wave C. That wave was part of large A-B-C downward correction started from the top at 6,481 on FEB 24, 2014. It bottomed at 3,537 on OCT 28.

TARGETS

first 3760-43
then 3924-50


PS: apologies for not providing more charts but I'm utterly busy.

Mario D. Conti. 






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