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Natural Gas Wave Analysis

Natural Gas: ⬆️ Buy

  • Natural Gas reversed from support area
  • Likely to rise to resistance level 3.080

Natural Gas recently reversed from the support area between the strong support level 2.675 (which stopped the previous sharp downward impulse from the start of December) and the lower daily Bollinger Band.

The upward reversal from this support zone started the active short-term correction ii.

Given the strength of the support level 2.675, Natural Gas can be expected to rise to the next resistance level 3.080 (top of the previous correction ii).

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