NATURAL GAS, Century Descending-Wedge Breakout Incoming!

Hello,

Welcome to this analysis about Natural Gas and the monthly timeframe perspectives. Natural Gas over the last times as I discovered has built a massive formation which will be an important source in the upcoming times and especially when it completes the developments happening after the confirmation will be huge. Besides that, there are also other fundamental factors that play into a potential bullish increase and the developments that can be seen in real price-action. Therefore I am looking at all the important levels and upcoming determinations we should consider with Natural Gas's established structure and the upcoming movements ahead of the next times.

Structural Technical Developments:
As when looking at my chart we can watch there how Natural Gas has formed this major formational structure with several bounces to the upside from the lower supports every time holding these supports and increasing with volatility and volume which is a good sign for stabilization. Furthermore mainly Natural Gas is forming this massive reversal formation, this formation is a descending-wedge-formation which is known as a solid bullish reversal formation. Natural Gas already managed to complete the coherent wave-count from A to E in this formation and is now penetrating the upper boundary of the formation with the recent bullish move. Besides that Natural Gas is now holding above the 35-EMA in red and the 100-EMA in green which it had previously as resistance and is now appropriate support.

Upcoming Perspectives And Fundamentals:
Taking all these factors into the consideration this formation has a good potential to complete in the upcoming times which will happen with a final breakout above the upper boundary, this will complete the formation and will also activate upside targets marked in my chart within the 10 areas. From a fundamental perspective, there is the thing with governments altering the gas price higher with setting taxes and extra fees on the gas because more and more governments looking to increase renewable energies these are measures actively taken by governments to switch from fossil energy to renewable. This is why the actual gas price will go up higher in the next times to come as the regulatory body step by step is setting the price higher which is also corresponding with the technical development suggested, therefore the bullish case has an increased likelihood here, it will be an interesting journey ahead.

In this manner, thank you for watching my update-analysis about NATURAL GAS and the main descending-wedge and its breakout likely to emerge in the upcoming times, great when you support it with a like and follow or comment for more market insight!
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Information provided is only educational and should not be used to take action in the market.

Comment:

ANALYSIS UPDATE: NATURAL GAS continued with the accelerated wedge breakout above the upper boundary of the formation.

NATURAL GAS since it completed the major wedge formation with the continued breakout reached the final target zones in a volatile upthrust.