#NatGas = Weekly Analysis = 07.05.2022 = #NaturalGas $NatGas #commodities #energy #NG

A lesson on Statistics posted on May 1st stands!
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 after April closure NatGas declines 50%, it will be targeting ~$4.50.

The Friday’s weekly and daily candle have something to say – let’s try to decipher them

Monthly Analysis – May 1st:

This overview contains:
– analysis of the 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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