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Natural Gas: Could Bounce In Three Waves

Published 02/11/2015, 10:03 AM
Updated 07/09/2023, 06:31 AM
NG
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Our clients are asking for an update on Natural gas. Well, a few weeks back we were looking down within a red wave 5) which reached a new low as expected, but now price is already reversing, so we may have seen end of a five wave decline. Therefore, traders must be aware of a three wave bounce in days ahead. A close above 3.00 will likely suggests more upside this month.


NATURAL GAS- Daily Elliott Wave Analysis


Natural Gas Daily Chart

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