• Natural Gas broke support area
• Likely to fall further
Natural Gas recently broke through the support area lying between the key support level 2.770 (which also reversed the price in May) and the 61.8% Fibonacci correction of the previous upward impulse from March.
The breakout of this support area accelerated the active medium-term ABC corrective wave 2 from the middle of June.
Natural Gas is likely to fall further and re-test the next support level 2.700 (monthly low form May and the forecast price for the completion of the active wave 2).