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 have retraced that a-b leg to complete c.

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