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Natural Gas Wave Analysis

  • Natural gas reversed from resistance zone
  • Likely to fall to support level 2.6000

Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below.

The aforementioned resistance zone was further strengthened by the upper daily Bollinger Band.

Natural gas can be expected to fall further to the next pivotal support 2.6000, target price for the completion of the active impulse wave C of the higher order ABC correction (2) from the start of June.

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