Market Snapshots


Natural Gas broke key support area

Natural Gas broke key support area
  • Natural Gas broke key support area
  • Further losses are likely

Natural Gas recently broke through the key support area lying between the support levels 2.538 and 2.687 (which has been repeatedly reversing the price from October of 2016).

The breakout of this support area accelerated the active weekly impulse wave 3 – which belongs to the medium-term impulse wave (5)

Natural Gas is expected to fall further and retest the next round support level 2.200 (standing close to the lower weekly Bollinger Band).

Source: FxPro

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