Categories: Technical analysis

Natural Gas Wave Analysis – 16 April, 2020

  • Natural Gas falling inside impulse wave (3)
  • Likely to fall to 1.500

Natural Gas continues to fall inside the strong medium-term impulse wave (3) which stated earlier from the round resistance level 2.000, intersecting with the 200-day moving average.

The active impulse wave (3) belongs to medium-term downward impulse sequence from November of 2019.

Natural Gas is expected to fall further toward the next support level 1.500 (which stopped the earlier sharp downward impulse wave (1) in March).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: NTGUSD

Recent Posts

Gold shines on an anti-fiat thesis

The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…

1 hour ago

SP500 Current situation #trading #tradelikeapro #sp500 #tradingshorts #tradingstrategy

Today is Monday, the 12th of January, and once again we will talk about the…

2 hours ago

Crypto: sell-the-growth continues

Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…

3 hours ago

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

3 days ago

Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…

3 days ago

Pro News Weekly: Dollar Rebounds as Markets Test New Limits

Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…

3 days ago

This website uses cookies