Natural gas Wave Analysis – 25 June, 2020

• Natural gas broke strong support level 1.586
• Likely to fall to 1.500

Natural gas recently broke the strong support level 1.586 (which has been steadily reversing the pair from price from the middle of April).

The breakout of the support level 1.586 continues the active short-term impulse wave (iii) – which belongs to wave 3 from the end of May.

Natural gas is likely to fall down further toward the next round support level 1.500 (low of the previous sharp impulse wave (1) from March).