Natural Gas Wave Analysis – 14 January, 2019

January 14, 2020 at 02:55PM
  • Natural Gas rising inside impulse waves 3 and (3)
  • Likely to rise to 2.300

Natural Gas continues to rise inside the impulse wave 3, which started recently from the support area lying between the support level 2.078 (which stopped the sharp downtrend in August) and the lower daily Bollinger Band.

The active impulse wave 3 belongs to the medium-term upward impulse sequence which also started previously from the aforementioned support area

Natural Gas is likely to rise further toward the next resistance level 2.300 (top of the previous wave (ii) and the target for the completion of the active impulse wave 3).

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From: The FxPro Tech Analysis Team
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