FX.co ★ Elliott Wave Analysis of Natural Gas for December 10, 2021

We have see the expected corrective decline in Natural Gas (NG) to test the 61.8% corrective target at 3.85. This should be correction enough and and a new impulsive rally is expected to follow soon to way above the peak of wave 3 or 1/ at 6.47.

Short-term a break above minor resistance at 4.34 will be a strong indication that wave 4 or 2/ has completed and wave 5 or 3/ is unfolding to above 6.47.