#NatGas = Weekly Analysis = 17.12.2022 = #NaturalGas #commodities #NG $NG $UNG #UNG #oilandgas #energy

Natural Gas at the crossroads. If it goes down from here, it will follow the path outlined a while ago. If, however, it makes it to the blue rectangle, and particularly above $7.604, it will open a whole new path that I charted as part of the analysis below.

Before we deep dive into the new chart, I would like to remind – those who followed the alert issued on Nov 23rd could have made about 25% on the way down and those who entered the rally on Dec 6th could have earned about 20% by now (non-leveraged). I hope everyone benefited from these nice calls.

In today’s weekly analysis we will:
– discuss technical events that NG registered recently and forecast possible outcomes;
– evaluate candles and technical indicators on various frames;
– share the long and short term forecasts made with Elliott Waves.

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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By the way, we are now offering Daily Quick Analysis of Natural Gas moves.

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Oil Weekly Analysis:
https://investingangles.com/2022/12/10/natgas-monthly-analysis-10-12-2022-naturalgas-commodities-ng-ng-ung-ung-oilandgas-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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