Technical analysis
Natural gas Wave Analysis 14 December, 2020
December 14, 2020 @ 17:05 +03:00
![Natural gas Wave Analysis 14 December, 2020 Natural gas Wave Analysis 14 December, 2020](https://fxpro.news/wp-content/uploads/2020/04/gas-natural-1.jpg)
• Natural gas rising inside impulse wave (3)
• Likely to reach resistance level 2.800
Natural gas continues to rise inside the medium-term upward impulse wave (3) which started earlier from the key support level 2.355 (former monthly low from October) – intersecting with the daily down channel from November.
The support zone near the support level 2.355 was further strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from September.
Natural gas is expected to rise further toward the next resistance level 2.800 (coinciding with the aforementioned down channel from November).
![](https://fxpro.news/wp-content/uploads/2020/12/ntgusd-primary-analysis-dec-14-1550-pm-1-day-1024x479.png)