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December 14, 2020 at 02:05PM

• Natural gas rising inside impulse wave (3)

• Likely to reach resistance level 2.800

Natural gas continues to rise inside the medium-term upward impulse wave (3) which started earlier from the key support level 2.355 (former monthly low from October) – intersecting with the daily down channel from November.

The support zone near the support level 2.355 was further strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from September.

Natural gas is expected to rise further toward the next resistance level 2.800 (coinciding with the aforementioned down channel from November).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/natural-gas-wave-analysis-14-december-2020-20201214/
Selected by fonecable.com

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