Natural Gas Wave Analysis – 19 July, 2019

• Natural Gas falling inside impulse wave 3
• Further losses are likely

Natural Gas continues to fall sharply inside the short-term impulse wave 3, which previously recently broke the support trendline of the daily up channel from June (which enclosed the pervious ABC correction 2).

The breakout of this up channel accelerated the active impulse waves (5) and 3 – which belongs to the longer-term downward impulse sequence from last November.

Natural Gas is expected to fall further and retest the next support level 2.144 (low of the previous impulse wave 1).