Natural Gas Wave Analysis – 26 December, 2019

• Natural Gas reversed from support area
• Likely to rise to 2.300

Natural Gas recently reversed up from the support area lying between the pivotal support level 2.166 (which has been reversing the price from October) and the lower daily Bollinger Band.

The upward reversal from this support area started the active short-term impulse wave 3 – which belongs to the longer-term impulse sequence (3) – which started from the same support area.

Natural Gas is expected to rise further toward the next resistance level 2.300 (which reversed the pervious wave (b) earlier this month).