Elonged zig zag correction pattern complete down side and wave c internal wave 2or 4 trendline break
natural gas is breaking trendline short swing. this is only for study purpose.
Because of the gas supply problem europes going to face, I doubt it will keep going down, there's only up, how fast it goes up depends on the gravity of the Russian invasion or if it drags on until next fall. Change in the downward tendency, with big volumen especialy during handle dip. my projection is 170 USD by september.
Short NATGASUSD at CMP (2.17) T1: 2.13 T2: 2.095 SL: 2.19
NATGASUSD after a strong bullish move is currently at resistance. It could face a strong resistance in days to come until it breaks above $5.1
Channel Breakout can take it till 2.183 and further downside possible
H & S formation in Natural Gas gives a clear indication of shorting till target