In the last week of 2022 Natural Gas made a strong bearish statement defeating all possible bullish odds on multiple time frames. As the result, it negated the possible bullish setup discussed last week and returned to the previously outlined bearish path.
In the yearly analysis we will:
– discuss technical events that NG registered recently and forecast possible outcomes;
– evaluate candles and technical indicators on weekly, monthly, quarterly and yearly frames;
– share the long and short term forecasts with Elliott Waves and talk about classical patterns.
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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Previous NG Monthly Analysis:
Natural Gas – Bollinger Bands Study – Aug 30:
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