Natural gas Wave Analysis – 2 February, 2022
February 02, 2022 @ 19:43 +03:00
• Natural gas broke resistance zone
• Likely to rise to resistance level 5.50
Natural gas recently broke the resistance zone lying between the key resistance level 4.500 (top of the previous impulse wave 1) and the 50% Fibonacci correction of the previous sharp downward impulse from November
The breakout of this resistance zone accelerated the active minor impulse wave 3.
Natural gas can be expected to rise further toward the next resistance level 5.50 (previous strong resistance from November and the target for the completion of the active impulse wave 3.).