Natural Gas 2023 Targets - $3.81 , $3.39

Dec 23, 2022

Natural Gas has been hanging on key support trend line (WHITE) running from Jun 2020.. If that level gets breached, expect Natural Gas to hit immediate target $4.73 (Yellow Line).

Then eventually we see the targets $3.81 (Orange line) and 3.39 (Green line) in 2023. With economy running into risks of recession in 2023, we'll see pullbacks in NG.

We'll not go to the targets directly, expect technical bounces at the key support levels - $4.73 , $3.81 and $3.39.

Dec 28, 2022

Trade active

First immediate target $4.73 breached out. Expect some technical bounce before it hits the next target $3.81

Jan 3, 2023

Trade active

Pretty close to the first target today $3.81 missed by few pennies.. Today's low was $3.89..

Jan 5, 2023

Trade closed: target reached

First target 3.81 reached today. Low was 3.80. Next on target $3.39... I see some good technical bounce at $3.5 levels

Jan 11, 2023

Trade closed: target reached

Closing trade... got pretty close to target $3.396.. Today's low was 3.422.. I can see some technical bounce from this level.. back to $4 to $4.2

Jan 13, 2023

Note

Today's low was $3.384 .. hit my final target of $3.39.. This is a good support zone for bottom out.. let's see how the chart plays.. if this support level fails, more downside..