#NatGas = Monthly Analysis = 01.05.2022 = #NaturalGas $NatGas #commodities #energy

A lesson on Statistics: since 1992, natural gas closed the monthly candle above BB seventeen times. Every such event led to a significant decline in the following months. The losses ranged from 25% to 82%. Average – 51.5%. If NatGas declines 50% this time, it will be target $4.00 in several months.

On April 15th I made a call in the analysis to subscribers that was accompanied with the chart below.
“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.”

Alert on April 18th:

So far, NatGas is down 10% off the top and I would like to discuss the current wave and signals from various perspectives.

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

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

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