Pure Gasoline (NG_F) is poised to proceed increased after ending a bearish cycle in February 2026, Now in a nest, the commodity is anticipated to interrupt increased whereas the February 2026 low isn’t breached.
Over the long run, Pure Gasoline (NG_F) has exhibited a uneven, sideways value sample. Since 1995, it has did not maintain a pattern of both increased highs or decrease lows. The commodity accomplished a significant supercycle rally in December 2005, reaching a report excessive. Following that peak, a bearish corrective cycle commenced, lasting till March 2024, throughout which it fell to its pre-1995 lows. From the March 2024 low, a contemporary bullish cycle started in a 5-wave construction, concluding in January 2026. A subsequent, extremely risky pullback ensued, ending in February 2026. Since then, the commodity has been in a “nest” formation, awaiting a bullish momentum to provoke a breakout increased.
Pure Gasoline H4 Elliott Wave Outlook – 22 March, 2026
We lately shared the H4 chart with Elliottwave-forecast members. The chart reveals a accomplished impulse construction for cycle diploma wave I in January 2026. Based on Elliott Wave idea, a 3-wave correction/pullback follows a 5-wave pattern/advance. Wave II, inside a 3-wave construction, adopted and resulted in February 2026 at $2.779. From this February 2026 low, we anticipate a bullish impulse or 5-wave response to verify that wave II has ended. The chart above reveals a triple nest rising, suggesting a big bullish transfer might quickly observe. Nonetheless, till we see a 5-wave response, new patrons will stay hesitant. As retail merchants, it’s higher to hitch a transfer relatively than try to provoke it. Let the market present the way in which, after which we’ll observe.
Within the coming days/weeks, we anticipate a 5-wave advance. As soon as confirmed, we are able to confidently purchase dips throughout the blue field. Till then, the response from $2.779 is probably going a 3-wave bounce. Draw back might resume beneath $2.779, as a lot because the anticipated 5-wave upside. We’d like extra knowledge within the coming days/weeks to find out which situation unfolds. We at all times advise our members to commerce with the market’s path, whether or not purple or inexperienced, and by no means in opposition to it. At the moment, we don’t wish to promote, however it’s not but time to purchase Pure Gasoline.
Supply: https://elliottwave-forecast.com/commodities/natural-gas-nesting-breaking-higher/