Natural Gas: The Bearish Plunge Before the Meteoric AscentSince its recent peak in August 2022 at a price of $10, natural gas has embarked on a substantial corrective journey. From an Elliott Wave perspective, this move is shaping as an ABC correction. The initial A wave was a sharp decline, followed by a rebound to the $4 level, forming the B wave. This B wave unfolded as an expanding flat correction, demonstrating classic technical patterns.
Looking ahead, we foresee the next leg—a wave C—continuing its downward trajectory, potentially reaching a pivotal low of $0.77 around September 2025. This anticipated level aligns with critical technical support and could mark the completion of a major corrective phase.
Following this projected bottom, we anticipate a robust reversal, with natural gas prices breaking above $4 and potentially revisiting the $10 mark by 2026. This long-term outlook highlights a significant investment opportunity for traders and investors alike.
Key Takeaway: The path to $0.77 presents a bearish scenario in the short term, but the rebound promises a game-changing bullish outlook, with substantial growth potential for those who time the market right.
Invalidation Level: Any upward breach above the $4 mark would challenge the current bearish wave count and require a reassessment of the analysis.