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Natural Gas Sees Target Of $2.80 - $3.00

Published 05/09/2017, 08:36 AM
Updated 07/09/2023, 06:32 AM
NG
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Natural Gas has correctively been declining or remained range bound for some time now. This pattern is associated with the minor wave 2 which bottom within the next 4 weeks in the area of $2.80 - $3.00 as shown in the below chart (Gray Box).

Within the Gray Box region is where we're tracking a long set up in our trading room that could carry the commodity into the $4 region by year's end.

NG Daily Chart
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