Natural Gas Wave Analysis – 29 November, 2019

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  • Natural Gas broke daily up channel
  • Likely to fall to 2.320

Natural Gas recently broke the support trendline of the daily up channel from August – intersecting with the 61,8% Fibonacci correction of the previous upward impulse (C) from October.

The breakout of this up channel accelerated the active medium-term impulse wave (3).

Natural Gas is expected to fall further toward the next key support level 2.320 (low of the previous correction 2 and the target for the completion of the active wave (3)).

 

 

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