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ELLIOTT WAVE  |  May 26, 2022
Natural Gas' Price Structure Suggests Limited Upside In Near-Term
In this article, we examine the price pattern and leveraged capital positioning contributing to the Natural Gas futures (NG) rally. In our December 2021 Traders.com Advantage article, it was noted that Natural Gas' COT and price structure suggested further upside laid ahead. This primary expectation has played out into early May 2022 as the NG contract has rallied to 8.194s and is likely near completion.
by Taylor Ireland

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