NatGas Medium Term

The chart's key message is that we are likely to be in a large block of corrective waves until about April.

It is possible that this will be wave (B) or even (2), followed by sharp impulse wave (C) or (3).

However, it is equally feasible that we will continue to see-saw movements, forming a contracting diagonal (C) in the black scenario.

An alternative bearish count with decline to lower lows is possible yet less likely. I will introduce it in the next update.