empty
 
 
08.02.2023 07:15 AM
Elliott wave analysis of UNG for February 8, 2023

This image is no longer relevant

UNG (United States Natural Gas Fund) has just made a new all-time low at 8.00 just below the late December 2020 low at 8.22. In the short term, we could see UNG move slightly lower to 7.54 to complete wave B and set the stage for a new rally in wave C towards the 2022 peak at 34.50.

In the short term, we could see some kind of complex correction towards 11.22 and maybe even closer to 13.20 before the final spike lower to test the ideal corrective target at 7.54. We are now so close to the ideal target that the dip to 8.00 could have been it and wave C higher is in motion.

We will have to take the rally from 8.00 and see if we get any clues as to whether a final spike lower should be expected or not.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback