XNGUSD Chart Technical Outlook NATGAS completes the AB=CD formation
We are moving higher within a bullish channel formation. The AB=CD formation target of 1.992 has been completed. We have a 161.8% extension level located at 2.005. There is ample move for a corrective phase lower in wave four of a bullish Elliott Wave count (5 waves). A 224% extension is located at 2.182. Bespoke resistance is located at 2.175.
