A certain fondness for pink is not the only thing, NatGas and the marketing mascot have in common. Both, NatGas and the mechanical toy rabbit, are also full of energy. NatGas has steadily been climbing upwards from the pink zone between $7.435 and $8.320 and has already finished wave (i) as well as wave (ii) in turquoise. Now, we expect it to rise above the resistance at $9.600, heading for the turquoise zone between $10.796 and $11.327 to complete wave (iii) in turquoise. There remains a 35% chance, though, that NatGas could lose steam and could decide to make a detour below the support at $6.898 first before resuming the ascent.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.