Natural Gas Wave Analysis – 14 November , 2018
November 14, 2018 @ 18:21 UTC
- Natural Gas rising inside sharp impulse wave (5)
- Further gains are likely
Natural Gas has been rising sharply in the last few trading sessions – breaking through two major resistance levels – 3.600 (yearly high from 2018) and 4.000 (yearly high from 2017).
The breakout of these resistance levels greatly accelerated the active impulse wave (5) belongs to the long-term impulse wave Ⓒ from the end of last year.
Natural Gas is expected to rise further and re-test the next major resistance level 5.000 (target price for the completion of the active impulse wave Ⓒ).