#WaveAnalysis
Natural Gas (#NatGas) is expected to rise further and retest the next resistance level – 3.000
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-04-november-2019-20191104/
Natural Gas (#NatGas) is expected to rise further and retest the next resistance level – 3.000
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-04-november-2019-20191104/
#WaveAnalysis
Natural Gas (#NatGas) reversed from resistance area
Likely to fall to 1.7530
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-21-february-2019-20200221/
Natural Gas (#NatGas) reversed from resistance area
Likely to fall to 1.7530
https://fxpro.news/market-snapshots/natural-gas-wave-analysis-21-february-2019-20200221/
#NatGas reversed from support zone
• Likely to rise to resistance level 6.3
Natural gas recently reversed up from the support zone lying between the key support level 5.40 (low of the previous wave (a)), 20-day moving average and the 61.8% Fibonacci correction of the upward impulse from September.
The upward reversal from this support zone started the active minor impulse wave 5 – which is a part of the higher-order upward impulse sequence (5) from July.
Natural gas can be expected to rise further toward the next resistance level 6.3 (which stopped the previous waves 3 and (b)).
• Likely to rise to resistance level 6.3
Natural gas recently reversed up from the support zone lying between the key support level 5.40 (low of the previous wave (a)), 20-day moving average and the 61.8% Fibonacci correction of the upward impulse from September.
The upward reversal from this support zone started the active minor impulse wave 5 – which is a part of the higher-order upward impulse sequence (5) from July.
Natural gas can be expected to rise further toward the next resistance level 6.3 (which stopped the previous waves 3 and (b)).
#WaveAnalysis #NatGas
• Natural gas falling inside impulse wave (c)
• Likely to fall to support level 5.365
Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave (i) in September) and the 61.8% Fibonacci correction of the upward price move from January.
The active impulse wave (c) belongs to the ABC correction 2 from the middle of August.
Natural gas can be expected to fall further toward the next support level 5.365 (previous multi-month low from July and the target for the completion of the active impulse wave (c)).
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• Natural gas falling inside impulse wave (c)
• Likely to fall to support level 5.365
Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave (i) in September) and the 61.8% Fibonacci correction of the upward price move from January.
The active impulse wave (c) belongs to the ABC correction 2 from the middle of August.
Natural gas can be expected to fall further toward the next support level 5.365 (previous multi-month low from July and the target for the completion of the active impulse wave (c)).
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#WaveAnalysis #NatGas
• Natural gas reversed from support level 5.370
• Likely to rise to resistance level 6.500
Natural gas recently reversed up from the support level 5.370 (previous multi-month low from July), standing near the lower daily Bollinger Band.
The upward reversal from the support level 5.370 created the daily candlesticks pattern Piercing Line, which started the active impulse wave 3.
Natural gas can be expected to rise further toward the next resistance level 6.5000 (former support from the start of October).
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• Natural gas reversed from support level 5.370
• Likely to rise to resistance level 6.500
Natural gas recently reversed up from the support level 5.370 (previous multi-month low from July), standing near the lower daily Bollinger Band.
The upward reversal from the support level 5.370 created the daily candlesticks pattern Piercing Line, which started the active impulse wave 3.
Natural gas can be expected to rise further toward the next resistance level 6.5000 (former support from the start of October).
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#WaveAnalysis #NatGas
Natural gas reversed from strong support level 5.350
• Likely to rise to resistance level 6.5000
Natural gas recently reversed up from the strong support level 5.350 (which has been repeatedly reversing the price from the start of July) – intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 5.350 created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active minor correction 2.
Natural gas can be expected to rise further toward the next resistance level 6.5000 (former strong support from the middle of November).
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Natural gas reversed from strong support level 5.350
• Likely to rise to resistance level 6.5000
Natural gas recently reversed up from the strong support level 5.350 (which has been repeatedly reversing the price from the start of July) – intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 5.350 created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active minor correction 2.
Natural gas can be expected to rise further toward the next resistance level 6.5000 (former strong support from the middle of November).
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#WaveAnalysis #NatGas
Natural gas under the bearish pressure
Likely to fall to support level 3.630
Natural gas under the bearish pressure after the earlier breakout of the support trendline of the wide down channel from the middle of September.
The breakout of this down channel accelerated the impulse wave 3 of the higher order intermediate impulse wave (C) from the end of November.
Given the clear daily downtrend, Natural gas can be expected to fall further toward the next support level 3.630 (previous strong support from December of 2021 and January of 2022).
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Natural gas under the bearish pressure
Likely to fall to support level 3.630
Natural gas under the bearish pressure after the earlier breakout of the support trendline of the wide down channel from the middle of September.
The breakout of this down channel accelerated the impulse wave 3 of the higher order intermediate impulse wave (C) from the end of November.
Given the clear daily downtrend, Natural gas can be expected to fall further toward the next support level 3.630 (previous strong support from December of 2021 and January of 2022).
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#WaveAnalysis #NatGas
Natural gas broke support zone
• Likely to fall to support level 2.5000
Natural gas recently broke the support zone lying between the round support level 3.000 and the support level 3.500, which started the sharp uptrend at the end of 2021.
The breakout of these support levels accelerated the active impulse waves (iii) and C.
Natural gas can be expected to fall further toward the next support level 2.5000 (target price for the completion of the active impulse wave C).
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Natural gas broke support zone
• Likely to fall to support level 2.5000
Natural gas recently broke the support zone lying between the round support level 3.000 and the support level 3.500, which started the sharp uptrend at the end of 2021.
The breakout of these support levels accelerated the active impulse waves (iii) and C.
Natural gas can be expected to fall further toward the next support level 2.5000 (target price for the completion of the active impulse wave C).
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#WaveAnalysis #NatGas
• Natural Gas reversed from round resistance level 3.0000
• Likely to fall to support level 2.224
Natural Gas recently reversed down from the round resistance level 3.0000 (former support from the start of January).
The resistance level 3.0000 was further strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the previous downward impulse from January.
Given the strong multi-month downtrend, Natural Gas can be expected to fall further to the next support level 2.224 (previous monthly low).
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• Natural Gas reversed from round resistance level 3.0000
• Likely to fall to support level 2.224
Natural Gas recently reversed down from the round resistance level 3.0000 (former support from the start of January).
The resistance level 3.0000 was further strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the previous downward impulse from January.
Given the strong multi-month downtrend, Natural Gas can be expected to fall further to the next support level 2.224 (previous monthly low).
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#WaveAnalysis #NatGas
Natural gas rising inside sideways price range
Likely to rise to resistance level 2.915
Natural gas continues to rise inside the narrow extended sideways price range from the start of this year (enclosed by the price levels 2.224 and 2.915).
The price earlier reversed up from the support level 2.500 continuing the active impulse waves iii and 1.
Given approaching end of summer and the strength of the lower boundary of this price range, 2.224, Natural gas can be expected to soon test the upper border of this price range, 2.915.
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Natural gas rising inside sideways price range
Likely to rise to resistance level 2.915
Natural gas continues to rise inside the narrow extended sideways price range from the start of this year (enclosed by the price levels 2.224 and 2.915).
The price earlier reversed up from the support level 2.500 continuing the active impulse waves iii and 1.
Given approaching end of summer and the strength of the lower boundary of this price range, 2.224, Natural gas can be expected to soon test the upper border of this price range, 2.915.
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#WaveAnalysis #NatGas
Natural gas reversed from multi-month support level 1.541
Likely to rise to resistance level 2.030
Natural gas recently reversed up from the multi-month support level 1.541, which reversed the price twice in the middle of 2020.
The support level 1.541 was strengthened by the lower weekly and the daily Bollinger Bands.
Given the strength of the support level 1.541 and the oversold weekly Stochastic, Natural gas can be expected to rise further to the next resistance level 2.030, former yearly low from last year.
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Natural gas reversed from multi-month support level 1.541
Likely to rise to resistance level 2.030
Natural gas recently reversed up from the multi-month support level 1.541, which reversed the price twice in the middle of 2020.
The support level 1.541 was strengthened by the lower weekly and the daily Bollinger Bands.
Given the strength of the support level 1.541 and the oversold weekly Stochastic, Natural gas can be expected to rise further to the next resistance level 2.030, former yearly low from last year.
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#WaveAnalysis #NatGas
Natural gas reversed from resistance zone
Likely to fall to support level 2.6000
Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below.
The aforementioned resistance zone was further strengthened by the upper daily Bollinger Band.
Natural gas can be expected to fall further to the next pivotal support 2.6000, target price for the completion of the active impulse wave C of the higher order ABC correction (2) from the start of June.
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Natural gas reversed from resistance zone
Likely to fall to support level 2.6000
Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below.
The aforementioned resistance zone was further strengthened by the upper daily Bollinger Band.
Natural gas can be expected to fall further to the next pivotal support 2.6000, target price for the completion of the active impulse wave C of the higher order ABC correction (2) from the start of June.
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#WaveAnalysis #NatGas
Natural gas under the bearish pressure;
Likely to fall to support level 2.200.
Natural gas is under bearish pressure after the earlier breakout of the key support level 2.600 (which stopped the previous medium-term ABC correction (4) from the end of May).
The breakout of the support level 2.600 coincided with the breakout of the 38.2% Fibonacci correction of the previous sharp upward impulse from February.
Natural gas can be expected to fall further toward the next support level 2.200, the target price for the completion of the active impulse wave (C).
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Natural gas under the bearish pressure;
Likely to fall to support level 2.200.
Natural gas is under bearish pressure after the earlier breakout of the key support level 2.600 (which stopped the previous medium-term ABC correction (4) from the end of May).
The breakout of the support level 2.600 coincided with the breakout of the 38.2% Fibonacci correction of the previous sharp upward impulse from February.
Natural gas can be expected to fall further toward the next support level 2.200, the target price for the completion of the active impulse wave (C).
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#WaveAnalysis
#NatGas broke key support level 2.200;
Likely to fall to support level 2.00.
Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February.
The breakout of the support level 2.200 accelerated the active impulse wave 3 of the sharp downward impulse wave (C) from the end of June.
Given the clear daily downtrend, Natural gas can be expected to fall further to the next round support level 2.00 (former minor support from April).
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#NatGas broke key support level 2.200;
Likely to fall to support level 2.00.
Natural gas recently broke the key support level 2.200, intersecting with the 61.8% Fibonacci correction of the sharp upward impulse from February.
The breakout of the support level 2.200 accelerated the active impulse wave 3 of the sharp downward impulse wave (C) from the end of June.
Given the clear daily downtrend, Natural gas can be expected to fall further to the next round support level 2.00 (former minor support from April).
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▶️ Nat Gas Current situation #tradelikeapro #trading #natgas #tradingstrategy #tradingshorts
Today is Tuesday, the 13th of January, and we will talk about the natural gas market, which has recently lost quite significantly in value.
#tradelikeapro #trading #natgas #tradingstrategy #tradingshorts
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FxPro. Trade Like a Pro. | Subscribe | Boost
Today is Tuesday, the 13th of January, and we will talk about the natural gas market, which has recently lost quite significantly in value.
#tradelikeapro #trading #natgas #tradingstrategy #tradingshorts
——————
FxPro. Trade Like a Pro. | Subscribe | Boost
YouTube
Nat Gas Current situation #tradelikeapro #trading #natgas #tradingstrategy #tradingshorts
Today is Tuesday, the 13th of January, and we will talk about the natural gas market, which has recently lost quite significantly in value. #tradelikeapro #...
👍1
▶️ Nat Gas Current situation #tradelikeapro #natgas #naturalgas #tranding #tradingshorts
This is a special gas market review for FX Pro.
Today is Monday, January 19th.
Let's take a look at what is happening in this market as we are actively waiting for an upside reversal point.
#tradelikeapro #natgas #naturalgas #tranding #tradingshorts
——————
FxPro. Trade Like a Pro. | Subscribe | Boost
This is a special gas market review for FX Pro.
Today is Monday, January 19th.
Let's take a look at what is happening in this market as we are actively waiting for an upside reversal point.
#tradelikeapro #natgas #naturalgas #tranding #tradingshorts
——————
FxPro. Trade Like a Pro. | Subscribe | Boost
YouTube
Nat Gas Current situation #tradelikeapro #natgas #naturalgas #tranding #tradingshorts
This is a special gas market review for FX Pro. Today is Monday, January 19th. Let's take a look at what is happening in this market as we are actively waiti...
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