NatGas (KOLD)

What is NatGas Doing? — Structure Explained.

What is NatGas doing? NG can be traded using Long etf BOIL. Below is the chart for Short etf of the pair KOLD.

KOLD completed points or Waves A through E of the larger (longer-term) Consolidation Wave 4.

Next on the structure agenda from Point E would be an “abc” Turn as Whooph terms it. The trip from a to b happened Monday through yesterday.

Today we are retracing that a-b leg to complete Pt. “c” of the Turn.

Next should be a larger or longer-term UP Wave 5 in KOLD (and down in BOIL)