Natural Gas Wave Analysis – 04 November, 2019

• Natural Gas broke key resistance level 2.720
• Likely to rise to 3.000

Natural Gas recently broke above the key resistance level 2.720 (former monthly high from September and May) – which accelerated the active impulse waves 3 and (C).

The price is currently trading close to the resistance level 2.875 (top of the previous waves A and (4) from March)

Natural Gas is expected to rise further and retest the next resistance level – 3.000 (target price for the completion of the active impulse wave 3).