Natural Gas Wave Analysis – 14 January, 2020
January 14, 2020 @ 17:55 +03:00
- Natural Gas rising inside impulse waves 3 and (3)
- Likely to rise to 2.300
Natural Gas continues to rise inside the impulse wave 3, which started recently from the support area lying between the support level 2.078 (which stopped the sharp downtrend in August) and the lower daily Bollinger Band.
The active impulse wave 3 belongs to the medium-term upward impulse sequence which also started previously from the aforementioned support area
Natural Gas is likely to rise further toward the next resistance level 2.300 (top of the previous wave (ii) and the target for the completion of the active impulse wave 3).