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NG-45m-1-9-2020-10-00-pm

NG - two opposite equally probable scenarios are on the table

NG stays within a relatively narrow range (the yellow box). The most interesting question what way it will move out of that range. We can project that range up and down (two gray boxes). I think the first move out of that consolidation will be a fake one. This is one of those cases when you can not change anything. We can only patiently wait for resolution here. The wave count favors more the bearish scenario. One more drop making a lower low in the Green Target box would be a perfect completion of a micro wave v down.

NG - 45 min chart updated at 10-00 PM on 1-09-2020

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