Elliott Wave Analysis: Natural Gas Looks Bullish

Loading...
Loading...

It's been a while since I looked at Natural gas. But I see some nice price action now, so I decided to share it. There was a nice three wave decline from the high followed by an impulsive rally above the upper trendline of a corrective channel. That's a bullish pattern that is pointing back to 4.58. Any short-term retracement back to 4.210/250 should be corrective and temporary.

Natural Gas 4h Elliott Wave Analysis

Written by www.ew-forecast.com| 14 days trial just for €1 >> go here

WEBINAR: Trading With Elliott Wave Principle

Market News and Data brought to you by Benzinga APIs
Posted In: TechnicalsCommoditiesMarketsTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...