• Natural gas in a strong uptrend
• Likely to test resistance level 8.0000
Natural gas has been rising strongly in the last few trading sessions following the breakout of the key resistance level 6.50 (former multi-month high from last October).
The breakout of the resistance level 6.50 coincided with the breakout of the two different lengths up channels from March and January.
Natural gas can be expected to rise toward the next resistance level 8.0000 (target price for the completion of the active impulse wave (3)).
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