Those who followed the alert issued on Nov 23rd could have made about 25% on the way down and those who entered a rally on Dec 6th could have earned about 14% by now (non-leveraged). I hope everyone benefited from these nice calls.
Obviously, the main question now is where Natural Gas goes next and we will try to answer it in today’s weekly analysis.
We will:
– discuss a major long term technical event that NG registered recently and forecast possible outcomes;
– evaluate candles, technical indicators, and events on various frames;
– share the long-, mid- and short-term forecasts made with Elliott Waves technique.
This analysis is part of the @InvestingAngles Series that covers US and global Indices, Volatility, Bonds, Cryptocurrencies, Commodities, Currencies, and some Large Cap stocks.
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Oil Weekly Analysis:
https://investingangles.com/2022/12/10/oil-weekly-analysis-10-12-2022-wti-commodities-usoil-cl-cl-wti-oilandgas-oil-energy/
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Previous NG Monthly Analysis:
https://investingangles.com/2022/12/03/natgas-monthly-analysis-03-12-2022-naturalgas-commodities-ng-ng-ung-ung/
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Natural Gas – Bollinger Bands Study – Aug 30:
https://investingangles.com/2022/08/30/natgas-bb-study-alert-30-08-2022-naturalgas-commodities-markets-ft-marketwatch-cnbc-energy-ng-ng-ung-ung-oilandgas/
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