Natural Gas:Winter 2016 will be hot and the Bears awake

In a previous post we predicted correctly that Natural Gas will return to 1.95(Nat Gas is returning to where it started (1.95$)).Now we present our long term view on NG for 2016.

We believe that NG will soon bounce towards 2.25-2.5 (02/2016) and then dive towards 1.35-1.45 (4Q2016).

As we showed in previous posts (2016: The Year of the Bear (II))(DAX: A Huge Head and Shoulders pattern is already forming), winter 2016 is going to be "hot" and the Bears awake

Nat Gas is returning to where it started (1.95$)

Natural gas is in a well established downtrend since early 2014.Historically Natural gas prices during the months from November to mid-February are weak

It took about 22 months for Natural gas to climb from 1.95 to almost 6.5 (2012-2014).If market obeys to some kind of symmetry then Nat gas will be at 1.95 around Christmas time where it should complete a five wave down movement.