Elliott Wave Analysis & Geopolitics: Natural Gas, Oil, and ...

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Elliott Wave Analysis & Geopolitics: Natural Gas, Oil, and ...Henry Hub Natural Gas FuturesNYMEX_DL:NG1!Mehdi_Abbasi_EWPElliott Wave Analysis & Geopolitics: Natural Gas, Oil, and Gasoline at a Crisis Crossroads The patterns whisper, and I listen._Mr.Nobody Energy markets are currently at a convergence point between technical analysis and geopolitical realities. In this analysis, using Elliott Wave principles, we will examine the trajectory of Natural Gas, Oil, and Gasoline, considering the impact of global tensions. 1. Natural Gas (NG1!): A Powerful Upward Wave: Our weekly analysis indicates that Natural Gas has entered a strong third wave of the Elliott Wave cycle. Following a complex corrective pattern, this wave holds the potential for significant growth, targeting levels such as $22.101 and beyond. 2. Oil & Gasoline: Correlation with Global Risks: Price trends in Oil and Gasoline mirror that of Natural Gas, showing a strong correlation with global conditions. This correlation gains even more significance when geopolitical factors are taken into account. 3. The Strait of Hormuz Risk & Energy Imbalance: Supply Disruption: The threat or actual closure of the Strait of Hormuz would severely disrupt global energy supply. Increased Transit Costs: Geopolitical risks lead to a sharp rise in maritime shipping and insurance costs. This increased expenditure directly elevates the final cost of energy for consumers. Structural Inflationary Factor: These cost escalations are not mere short-term fluctuations but represent a long-term, structural inflationary driver for energy markets. Conclusion: The alignment of technical analysis (upward waves) with mounting geopolitical pressure suggests a high probability of strong price appreciation in energy markets. This scenario reflects the global challenges in energy supply and transportation. Note: This analysis will also be shared across other relevant timeframes to provide a comprehensive market outlook.