– Natural gas broke key support level 2.200
– Likely to fall to support level 2.00
Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February.
The breakout of the support level 2.200 accelerated the active impulse wave 3 of the sharp downward impulse wave (C) from the end of June.
Given the clear daily downtrend, Natural gas can be expected to fall further to the next round support level 2.00 (former minor support from April).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies