Natural Gas Wave A completed
Natural Gas Daily Chart
In my previous update, I had mentioned that Natural Gas can complete wave 5 and will start the correction going ahead. Though I was of the opinion that it would terminate at 38.2% but it went till 5$ which was 61.8% which was mentioned in the probable scenario.
Here is the link of the previous article of Natural Gas, click to read
https://www.marketanalysiswithmeghmody.com/2025/02/natural-gas-wave-5-to-terminate-soon.html
Prices post making a high of 5$ has started moving lower and completed wave A of on higher degree at 2.93$ and has started moving higher which can unfold wave B on the higher side. This wave B can move till 80% retracement which is 4.57$ (minimum). CMP 3.56$
The bias is positive for Natural Gas as it can move higher towards 4.57$ over a months time.
Comments