• Natural gas broke round support level 1.700
• Likely to fall to 1.583
Natural gas continues to fall in line with our earlier report for this instrument. The price today broke the round support level 1.700 – which should strengthen the bearish reassure on Natural gas.
The breakout of the level 1.700 continues the active short-term impulse wave 1 – which belongs to the medium-term downward impulse sequence (3) from the start of May.
Natural gas is expected to fall further toward the next support level 1.583 (low of the sharp daily Hammer from last month).]
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies