Technical analysis

Natural gas Wave Analysis 15 March, 2021

Natural gas Wave Analysis 15 March, 2021

• Natural gas broke key support level 2.570

• Likely to test support level 2.4300

Natural gas opened today with the downward gap which broke the key support level 2.570 (low of the minor correction (ii) from the end of January).

The breakout of the support level 2.570 accelerated the active minor impulse wave (c) of the ABC correction (ii) from last month.

Natural gas can be expected to fall further toward the next support level 2.4300 (monthly low from January and the target price for the completion of the active ABC correction (ii)).

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