#NatGas = Daily Update = 05.01.2023 = #NaturalGas #commodities #NG $NG $UNG #UNG #oilandgas $KOLD #fintwit $BOIL

NG did not provide a confirmation today and stretched the bearish trend. The minor frames are oversold and the commodity can bounce any time now. If there is a confirmation of a reversal tomorrow, a path towards $4.47-5.33 would be open. Note that this move could be very volatile as a corrective wave is expected.

I hope you followed the most recent call by InvestingAngles on December 12th,

and this fantastic long term forecast on August 17th.

You can look at a bigger picture and long term expectations in the Yearly Analysis:

Oil Yearly Analysis – Jan 1st:

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