🔥 Natural gas (NG): resumption of the long-term bull trend.

●● Preferred count
● Natural Gas Cash ( NG .C), 🕐TF: 20D
Fig.1

I worked out in detail the counting of long-term waves on the historical chart 1930-2022.

The chart has a number of notes. The structure of wave (IV) in the future may become more complicated to a triangle. The ending diagonal (V) is also questionable — the development of momentum I-II-III-IV-V is possible.
_______________________________________
● Natural Gas (CURRENCYCOM), 🕐TF: 1W
Fig.2

Variant of counting of wave structure V of (III) in the form of an expanding diagonal and subsequent (IV), which, apparently, took the form of a double zigzag with a triangle in x.
_______________________________________
● CFDs on Natural Gas (OANDA), 🕐TF: 1D
Fig.3

The July 2021 forecast has been implemented. As expected, correction ② (wave Ⓑ in the current version of the counting) took the form of an expanded flat, returning to the area of the previous fourth wave.

A long-term bullish trend is expected to resume.

_______________________________________
● CFDs on Natural Gas (OANDA), 🕐TF: 8h
Fig.4

A good signal for opening a long position will be formed by waves 1 and 2 with consolidation above the moving average with a period of 610.

📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️