Natural Gas May Face A Recovery In 2024
Jan 4, 2024

NG

Natural gas was very bearish in the last year or so, but we can see it finishing final wave (5) of C. Now at the beginning of 2024 is waking up significantly along with Crude oil, so energies may stay in recovery mode at the beginning of 2024. Natural gas is waking up with huge volume increase, but to confirm bottom in place we need five waves up back to 3.4 level according to February futures contract.

Natural Gas May Face A Recovery In 2024 Natural Gas 4H Chart
Natural Gas 4H Chart

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