MarketIntel

NatGas: Dived in 🤿 🌊

Long
NYMEX_DL:NG1!   Natural Gas Futures
The price of NatGas has now reached the turquoise target zone between $2.98 and $2.77. Here we expect a turning point with the low of the turquoise wave (ii), ideally at the 78.60% retracement of the zone. From there, the price should move higher in large steps until it completes the orange wave (iii) at $4.60.
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