Natural Gas Wave Analysis – 16 April, 2020
April 16, 2020 @ 17:41 +03:00
- Natural Gas falling inside impulse wave (3)
- Likely to fall to 1.500
Natural Gas continues to fall inside the strong medium-term impulse wave (3) which stated earlier from the round resistance level 2.000, intersecting with the 200-day moving average.
The active impulse wave (3) belongs to medium-term downward impulse sequence from November of 2019.
Natural Gas is expected to fall further toward the next support level 1.500 (which stopped the earlier sharp downward impulse wave (1) in March).