Natural Gas recently reversed down from the resistance area lying between the resistance level 2.400 (top of the previous wave (iv) in June), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse 1 from May.
The downward reversal from this resistance area started the active short-term impulse wave 3 of the medium-term impulse sequence (5) from May.
Natural Gas is expected to fall further and retest the next support level 2.145 (low of the previous impulse wave 1).
- 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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
US CPI went in line with expectations, but this hasn't changed the outlook for the…
The crypto market experienced a slight decline in market capitalisation after a week-long rally. Bitcoin…
This website uses cookies
