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.

Share
Published by
The FxPro Tech Analysis Team
Tags: NTGUSD

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

2 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

2 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

2 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

2 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

3 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

3 days ago

This website uses cookies