Natural gas Wave Analysis – 26 January, 2023

• Natural gas broke support zone

• Likely to fall to support level 2.5000

Natural gas recently broke the support zone lying between the round support level 3.000 and the support level 3.500, which started the sharp uptrend at the end of 2021.

The breakout of these support levels accelerated the active impulse waves (iii) and C.

Natural gas can be expected to fall further toward the next support level 2.5000 (target price for the completion of the active impulse wave C).