#NatGas = Weekly Analysis = 23.04.2022 = #NaturalGas $NatGas #commodities #energy

It was quite a call a week ago. From the analysis on April 15th:
“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…
Perhaps it would be different this time.”

So far, NatGas is down 19% off the top and I would like to discuss the current wave and signals from various perspectives.

This overview contains:
– analysis of the candles and TA;
– a long term Elliott Waves forecast.

This analysis is part of the IA Series – US Indices, Cryptocurrencies, Commodities, Currency, Large Cap stocks – that can be viewed here.

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