Categories: Technical analysis

Natural gas Wave Analysis – 11 February 2025

– Natural gas reversed from the support area

– Likely to rise to the resistance level 3.67

Natural gas continues to rise strongly inside the short-term upward impulse wave iii, which started earlier from the support area located between the round support level 3.0000 (which has been steadily reversing the price from November) and the lower daily Bollinger Band.

The upward reversal from this support area created the daily upward gap – which signals the strength of this support area.

Given the clear daily uptrend, Natural gas can be expected to rise to the next resistance level 3.67 (which has been reversing the price from December).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team

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