Natural gas is still trading at the potential first 4.7 support level for wave »iv«, but be aware of a potential intraday wedge pattern within wave c) of »iv« that can drop even down to the second 4.2 support level before a bullish continuation for wave »v«.
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Natural Gas 4h Elliott Wave Analysis
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Crude oil is making a deeper reversal in the 4-hour chart but still looks corrective, ideally as part of wave 4 a bigger ending diagonal pattern within a higher degree wave 5) on a daily chart. So, in case if Crude oil bounces and starts recovering back above 80.71 region, we can easily expect it back to highs for the final wave 5 of 5).
Crude OIL 4h Elliott Wave Analysis
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