Natural Gas recently reversed up from the long-term support area lying at the intersection of the multi-year support level 1.6440 (which started the sharp weekly uptrend in 2106) and the lower weekly Bollinger Band.
The upward reversal from this support area stopped the previous short-term impulse wave 5.
Given the oversold weekly Stochastic – Natural Gas is likely to rise further toward the next round resistance level 2.00 (former yearly low from 2019 and the top of the previous correction 4).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
