MarketIntel

Natgas: More pressure! đŸ’Ș

NYMEX:NG1!   Naturgasterminer
You know this one?

Pascal: “Hurry up! Get a move on! We really need to get going!”
- “Whoa, that’s a lot of pressure for just one Pascal
!”


Okay okay, bad jokes aside, Natgas does need a bit more pressure to rise from the compound consisting of the white zone between $1.880 and $3.436, the blue zone between $2.407 and $3.277 and the pink zone between $2.573 and $3.439. Above this conglomerate, it should finish wave iv in pink before turning downwards to develop wave 2 in green, which should then lead below the bottom of the white zone. Once this prominent low is established, Natgas should take off again. However, there is a 40% chance that Natgas could leave the white zone on the southern side, thus expanding wave alt.2 in green earlier already.
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