Natural gas Wave Analysis 17 May, 2021
May 17, 2021 @ 17:52 +03:00
• Natural gas broke round resistance level 3.000
• Likely to rise to resistance level 3.265
Natural gas continues to rise strongly after it broke above the round resistance level 3.000 – which is the upper border of the narrow sideways price range from the end of April.
The breakout of the resistance level 3.000 accelerated the active short-term upward impulse wave (iii).
Natural gas is likely to rise further toward the next resistance level 3.265 (top of the previous impulse wave 1 from March and the target for the completion of the active impulse wave (iii)).