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Natural Gas Elliot Wave Counts (Time To Buy Now)

|Includes: NGS, VelocityShares 3x Long Natural Gas ETN (UGAZ), UNG

Following is the Natural Gas chart from FXCM Demo Account:

NGAS Daily (21st Feb 2017)

I believe the chart is self-explanatory for Ellioticians. White are the primary counts and orange the alternative. In either case, NG looks to be oversold and should be prime time for a rebound.

Summary: Buy Today (21st Feb 2017) or Tomorrow and trail your stops.

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in UGAZ over the next 72 hours.

Additional disclosure: I am long NG futures but may long UGAZ soon.