DavidJankowski

Netgas Future goes dooooown

Short
NYMEX:NG1!   Futures Gas Naturale
Although the fundamental data would actually point to a price increase, I still see a price drop of around 30% for net gas before the upward movement can be sustained.

We completed the overriding wave in June 2022 and have been in a correction since then. Wave b was overshooting, which indicates a flat correction.

Thus, we should still reach the 0.618 retracement of the overarching wave at $4.612 before moving back up.

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