Natural Gas made several moves that suggest that it is likely moving lower. The move was discussed by InvestingAngles in the Natural Gas – 2022 Long Term Forecast.
This Weekly Analysis contains:
– weekly and daily candle charts;
– long term and short term Elliott Waves forecasts.
This post is part of the Weekly Analyses series that InvestingAngles offers to followers and subscribers.
The weekly candle is bearish Engulfing that suggests that the stock will move lower for at least one week.
The daily candles have formed a bullish Harami, however, the technical support is insufficient and this formation might turn fake.
The odds are bearish on the monthly and weekly frames.
The chart was first made in September 2021 and it stands intact.
So far, the stock registered no event that would change this forecast.
The Red count – primary.
These two videos below recorded the details of our approach to the analyses. They discuss various aspects of Natural Gas.
Part 1 contains an analysis of Natural Gas from the perspectives of Candlesticks and Technical Analysis.
Part 2 discusses Natural Gas using the Elliott Wave theory and summarizes the views of Candlesticks, TA and EW together.
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This video summarizes our view of Market and it was recorded on January 21st after the market closure.
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