#NatGas = BB Study + Alert = 30.08.2022 = #NaturalGas #commodities @markets @ft @marketwatch @cnbc #energy #NG $NG $UNG #UNG #oilandgas

Unless Natural Gas falls tomorrow 18%, it is going to close its 2M candle above Bollinger Bands.

Some stats on the event:

In previous 30 years, NG closed the 2M candles above BB 14 times. Three times it led to further growth, but 11 times (79%) such events triggered strong sell-offs. During these declines, NG lost on average 52% peak to trough.

Based on this data and assuming that the event tomorrow is almost guaranteed (18% loss in a day is somewhat unlikely), we can say that Natural Gas is probably (79% probability) going to lose on average about half of its current value.

Some could even calculate an average duration of the declines.

Good luck!

Previous Weekly NG Analysis:
https://investingangles.com/2022/08/23/natgas-weekly-analysis-alert-23-08-2022-naturalgas-commodities-energy-ng-ng-ung-ung-oilandgas/

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