Technical analysis

Natural Gas Wave Analysis – 03 October , 2018

  • Natural Gas rising inside accelerated impulse wave C
  • Further gains are likely

Natural Gas continues to rise sharply after the earlier breakout of the resistance area lying between the key resistance levels 3.050 (top of wave B from June) and 3.100 (monthly high from September).

The breakout of this resistance area accelerated the active short-term impulse wave C – which belongs to the medium-term corrective wave (B) from the middle of July.

Natural Gas is expected rise further and re-test the next resistance level 3.300 (target price for the completion of the active impulse wave C).

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