• Natural gas broke resistance area
• Likely to rise to 2.050
Natural gas recently broke the resistance area located between the resistance level 1.917 (monthly double top from June) and the 61.8% Fibonacci correction level of the previous downward price impulse from May.
The breakout of this resistance zone accelerated the active short-term impulse wave (c).
Natural gas is expected to rise further toward the next resistance level 2.050 (target price for the completion of the active impulse wave (c)). Alternatively – the price can retest the support at 1.917.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies