Market Snapshots

Natural gas Wave Analysis – 11 June, 2020

Natural gas Wave Analysis – 11 June, 2020

• Natural gas reversed from pivotal support level 1.775

• Likely to rise to 1,900

Natural gas continues to rise after the earlier upward reversal from the pivotal support level 1.775 (former double bottom from May) – standing near the lower daily Bollinger Band.

The upward reversal from the support level 1.775 created the daily Japanese candlesticks reversal pattern Hammer.

Natural gas is likely to rise further toward the next resistance level 1,900 (which reversed the price at the start of June).

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