Photo by American Public Power Association on Unsplash
Natural gas looks to be turning bullish after a projected five-wave impulse from the lows, followed by an ABC correction. It gave us a nice bullish setup formation by Elliott Wave theory, so more upside is in view, especially if breaks back above 4.0 bullish confirmation level, just watch out for short-term intraday pullbacks.
NG 4H Chart
Basic bullish pattern shows that Natural gas may resume its uptrend by Elliott Wave theory.
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