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October 21, 2022 @ 12:26 +03:00
• Natural gas falling inside impulse wave (c)
• Likely to fall to support level 5.365
Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave (i) in September) and the 61.8% Fibonacci correction of the upward price move from January.
The active impulse wave (c) belongs to the ABC correction 2 from the middle of August.
Natural gas can be expected to fall further toward the next support level 5.365 (previous multi-month low from July and the target for the completion of the active impulse wave (c)).