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).
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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