Natural gas Wave Analysis – 27 August, 2020
August 27, 2020 @ 17:50 +03:00
• Natural gas rising inside impulse wave C
• Likely to rise to 2,880
Natural gas continues to rise strongly inside the sharp upward impulse wave C – which belongs to the multi-month ABC correction (2) from the end of June.
The price is currently trading close to the key resistance level 2,70 (which reversed the price sharply in November of 2019).
If the price breaks above the resistance level 2,70 – Natural gas can then rise to the next major logn-term resistance level 2,880 (last November high and the target for the completion of wave (2)).