Natural Gas Slowed Down For A Correction Within Uptrend

EU Commission will propose in June banning Russian gas and LNG imports under new deals and existing spot contracts by end-2025.


Natural gas slowed down recently, but despite that retracement, we see it as an ABC correction after a potential leading diagonal formation from the lows. It actually stopped perfectly at the former wave 2 swing low and 61,8% Fibonacci support area, from where we may now see a bullish continuation, especially if it recovers back above 4.15 bullish confirmation level.