Categories: Technical analysis

Natural gas Wave Analysis – 11 June, 2020

• Natural gas reversed from pivotal support level 1.775

• Likely to rise to 1,900

Natural gas continues to rise after the earlier upward reversal from the pivotal support level 1.775 (former double bottom from May) – standing near the lower daily Bollinger Band.

The upward reversal from the support level 1.775 created the daily Japanese candlesticks reversal pattern Hammer.

Natural gas is likely to rise further toward the next resistance level 1,900 (which reversed the price at the start of June).

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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Tags: NTGUSD

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