short term bearish; long term bullish, ewt HENRY HUB NATURAL GAS FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:NG1! FrankCastles holding a bearish bias short term because, 1) retracement from the entire 5-wave cycle is shallow 2) 15m/30m time frame bounce off recent lows has w3 as shortest wave 3) B or (X) failed at the . 618 retracement from the top 4) 50% retracement from the entire 5-wave cycle sets up C to be exactly 100% extension of A 5) i'd love to buy some natgas lower :) from there, expecting a new bullish cycle to form in either larger degree ABC or 1-2-3-4-5 fashion