• Natural gas broke major resistance area
• Likely to rise to resistance levels 5.0 and 5.2
Natural gas earlier broke through the major resistance area located between the multi-year resistance level 4.895 (which started the sharp downtrend at the end of 2018) and the resistance trendline of the weekly up channel from April.
The breakout of this resistance area is aligned with the active sharp upward impulse waves 5 and (C).
If the price closes today above 4.895, Natural gas can be expected to rise further toward the next resistance levels 5.0 and 5.2.
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
