Looks like somebody overindulged on caffeine yesterday since NatGas jumped quite high to complete wave a in pink. We're currently expecting the course to drop back below the resistance line at $7.221 to finish off wave b in pink, before starting another climb above this mark. As soon as NatGas has crossed $7.221, it should rise further to complete wave (B) in white near the resistance at $9.238. A 33% chance remains, though, that NatGas could continue the downwards movement and fall below the support at $5.547, thus triggering further descent below $4.750 and into the pink zone between $4.068 and $3.493.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.