Natural Gas Wave Analysis – 29 November, 2019
November 29, 2019 @ 17:04 +03:00
- Natural Gas broke daily up channel
- Likely to fall to 2.320
Natural Gas recently broke the support trendline of the daily up channel from August – intersecting with the 61,8% Fibonacci correction of the previous upward impulse (C) from October.
The breakout of this up channel accelerated the active medium-term impulse wave (3).
Natural Gas is expected to fall further toward the next key support level 2.320 (low of the previous correction 2 and the target for the completion of the active wave (3)).