Elliott wave analysis for Natural Gas for October 7, 2021

analytics615e878125985.jpgNatural gas article from September 15)

Yesterday, natural gas peaked at 6.46. It is time for a correction towards 5.26 and maybe even closer to 4.75 before the natural gas can take off again to way above the peak at 6.46.

Inflation may weigh on the economic recovery. Once the correction in crude oil and natural gas is completed and prices rise to new highs, it will become much more painful to the global economies.

The material has been provided by InstaForex Company - www.instaforex.com

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