Categories: Technical analysis

Natural gas Wave Analysis – 15 November, 2019

  • Natural gas reversed from support area
  • Likely to rise to 2.700

Natural gas recently reversed up from the support area lying between the support level 2.600, lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (C) from the start of October.

The upward reversal from this support area stopped the earlier short-term impulse wave 1.

Natural gas is expected to rise further toward the next resistance level 2.700 (which reversed earlier wave (ii))

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: NTGUSD

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