Categories: 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).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: NTGUSD

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