Natural gas Wave Analysis 12 October, 2020

• Natural gas broke key round resistance level 3.000

• Likely to reach 3.300

Natural gas recently broke above the key round resistance level 3.000 – which was followed today by the upward gap accelerating the active impulse waves 3 and (C).

The price also earlier broke through the key resistance level 2.900 (which has been reversing the price from 2019 -which added to the bullish pressure on Natural gas.

Natural gas is likely to rise further toward the next resistance level 3.300 (intersecting with the daily up channel from July).