As predicted, Natural Gas topped within the target area at 4.50-4.56. Then again, it retraced to another predicted target area at 4.21-4.18.
Now, Natural Gas should resume the uptrend to the area 5.10-5.13 and higher.
TARGETS
likely: 5.10-5.13
possibly: 5.37-5.38
ELLIOTT WAVES
Wave 2 in the 4-hour chart stopped right in the middle of wave 4 of a lower degree, as by Ralph Elliott teachings.
This new upcoming uptrend is nothing more than "wave 3" of the recently started trend at 3.537. See the charts below.
weekly chart - click to enlarge
daily chart - click to enlarge
4-hour chart - click to enlarge
1-hour chart - click to enlarge