Natural Gas Price Impulse Completes Five-Wave Advance

Natural Gas futures prices have followed a clear five-wave advance from 2020 to 2022, according to a technical analysis. The price began at around 110.5 in 2020 and rose to approximately 251.3 in the first wave. It then corrected to about 165 before extending strongly in wave III to around 485. Wave IV saw a decline to roughly 265.5, followed by a final advance to the 2022 high of 801.

The analysis predicts that Natural Gas prices will continue to move upwards from their current levels, but does not provide specific price targets or timeframes for this movement.