NaturalGas is ripe for a deep dive. The daily RSI is at the third highest level ever. The previous higher ones in 2003 and 2018 led to declines of 70% and 65% respectively. If NatGas reverses from here, falling to $2.5 (65% off) would not be a surprise.
Perhaps it would be different this time. Let’s evaluate the other perspectives.
This overview contains:
– analysis of the candles and TA;
– a long term Elliott Waves forecast.
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