Natural gas made a five-wave recovery from November lows and also broke above the upper corrective channel line, which are two signs that energy can be turning to the bullish side. However, we still need to be aware of temporary pullbacks, which can develop. First one can be an (a)-(b)-(c) move into a wave ii, with support at the Fib. ratio of 50.0 or 61.8, and at the broken upper corrective channel line.
Natural gas, 1h
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