Subscription: Micro Counts of Crude Oil & Nat Gas
NG should stay under resistance at 2.581 to keep the bearish setup alive
it has been declining off the top of the corrective wave iv up in wave a of v. That wave a of v has a clean textbook impulsive structure.
It should retest the previous low made by micro wave iii down and then we may get a pullback in wave b up.
The wave a has to be subdivided into five smaller waves but currently it looks incomplete. This move up looks like a micro wave iv up.
Again, this drop is only the first leg down in subwave a of v which should be followed by a corrective rally in wave b of v.