– Natural gas reversed from support zone
– Likely to rise to resistance level 3.150
Natural gas recently reversed up from the support zone between the support level 2.665 (former minor resistance from September) intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.
The upward reversal from this support zone started the active medium-term impulse wave (3) – which belongs to the longer-term impulse wave 3.
Natural gas can be expected to rise toward the next resistance level 3.150 (which stopped the three earlier impulse waves (3), (5) and (1)).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies