Nat Gas update

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 I was looking for a lower low for a wave c (circle) completion but we got a wedge instead. Now the wedge must hold ($4) at least till an subwave -i- completes. It should reverse before the blue dotted line.

The odds are  it's bullish Long Term because of the break of a previous a-b wave (turquoise box). If the price isn't done bottoming yet (for some reason,time) and breaks into the wedge area look for a possible closing of the previous open Gap.(turquoise line).

charts by: www.stockcharts.com

Ung looks to have more of a Double Bottom for the first a-b wave. Wave -i- should complete before the purple dashed line. We don't really have any heads up on how deep it will Retrace, mainly because it's a -ii- wave. The a-b went deep so it could be shallow,but I would not expect it to break the cloud formation. Once the cloud starts building that will give a clue to the support.