Market Snapshots

Natural gas Wave Analysis 7 April, 2021

Natural gas Wave Analysis 7 April, 2021

• Natural gas reversed from support level 2.455

• Likely to rise to resistance level 2.685

Natural gas recently reversed up from the pivotal support level 2.455 (which has been reversing the price from January) – strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 2.455 started the active minor upward impulse wave (iii).

Natural gas is likely to rise further toward the next major resistance level 2.685 (which stopped the previous minor impulse wave (i)).

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