Natural gas: is it heading even higher?!


Natural gas, December contract (NGZ21).

Wave structure of this rally prompts me to apply these huge extensions and project target to 6.748 or even to 7.587 region (linear scale based projection). Internal wave structure of presumable wave circle 5 is presented on the Micro and Nano charts; the nano count looks good until 5.676 support region is broken down.

NGZ21 - Option 1 Nano - Oct-25 1342 PM (1 hour)
NGZ21 - Option 1 Nano - Oct-25 1342 PM (1 hour)
NGZ21 - Option 1 Micro - Oct-25 1342 PM (4 hour)
NGZ21 - Option 1 Micro - Oct-25 1342 PM (4 hour)
NGZ21 - Primary D - Oct-25 1342 PM (1 day)
NGZ21 - Primary D - Oct-25 1342 PM (1 day)
Arkady Yakhnis provides extensive coverage on precious metals, energy, and forex at ElliottWaveTrader.