Natural gas Wave Analysis – 28 January, 2022

• Natural gas broke resistance zone

• Likely to rise to resistance level 5.000

Natural gas recently broke the resistance zone lying between the key resistance level 4.400 (which stopped the previous impulse wave (1)) and the 50% Fibonacci correction of the downward impulse from November.

The breakout of this resistance zone accelerated the active intermediate impulse wave (3).

Natural gas can be expected to rise further toward the next round resistance level 5.000 (target for the completion of the active impulse wave (3)).