Natural Gas - March 9th 2023

Analysis and update on Natural Gas

Introduction

Today’s updated post is on Natural Gas. We discussed Natural Gas in the January 23rd post, in which I concluded:

“Natural Gas may have reached its target, but time may not be over yet. Time is more important than price. From a timing aspect, considering the foldback aspect of the Venus return of April 5th, 2023, and the Solar Eclipse of April 20th, 2023, these dates may be a probable low at around $3.30. An overshoot into $2.70 or $2.24, or even lower, is possible at the 1x1 lines from zero point.” From the post: Three charts on Energy - 23 Jan 2023

It is worth re-reading this post. Certainly, Natural Gas was in an overshoot towards $1.97, where it found support on a 1x1 Mars Timing line, originating from June 2020 low. I have updated the charts for the premium subscribers in today's post.