HomeContributorsTechnical AnalysisNatural Gas Wave Analysis

Natural Gas Wave Analysis

  • Natural gas reversed from resistance level 9.500
  • Likely to fall to support level 7.95

Natural gas recently reversed down with the dialy Evenign Star Doji from the key resistance level 9.500 (top of wave (iii) from May).

The downward reversal from the resistance level 9.500 created started the active minor impulse wave (c).

Given the bearish divergmnev on the daiuly Moemtnum indicator, Natural gas can be expected to fall further toward the next support level 7.95 (low of wave (ii)).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading