Technical analysis

Natural Gas Wave Analysis – 14 November , 2018

  • Natural Gas rising inside sharp impulse wave (5)
  • Further gains are likely

Natural Gas has been rising sharply in the last few trading sessions – breaking through two major resistance levels – 3.600 (yearly high from 2018) and 4.000 (yearly high from 2017).

The breakout of these resistance levels greatly accelerated the active impulse wave (5) belongs to the long-term impulse wave Ⓒ from the end of last year.

Natural Gas is expected to rise further and re-test the next major resistance level 5.000 (target price for the completion of the active impulse wave Ⓒ).

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