Technical analysis

Natural gas Wave Analysis 28 April, 2021

• Natural gas broke resistance level 2.900

• Likely to rise to resistance level 3.050

Natural gas continues to rise after breaking the key resistance level 2.900 (top of the previous correction (b) from the start of March).

The breakout of the resistance level 2.900 was preceded by the breakout of the daily Triangle form last October – which accelerated the active impulse waves (iii) and 3.

Natural gas is likely to rise further toward the next multi-month resistance level 3.050 (former monthly high from February).

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