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).
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