Natural Gas opened this week with the upward gap which broke through the powerful resistance level 3.330 (which stopped the two previous waves (iii) and (b) in October – as can be seen below).
The breakout of this resistance level continues the active short-term impulse wave 3 – which belongs to the extended, medium-term impulse wave (3) from February.
Natural Gas is expected to rise further and re-test the next resistance level 3.550 (target price calculated for the completion of the active impulse wave 3).
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