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FxPro Forex Analysis: Natural Gas Wave Analysis – 25 July , 2018

• Natural Gas reversed from support zone
• Likely to rise further

Natural Gas recently reversed up from the support zone lying between the multi-month support level 2.690 (which also reversed the price at start of May, as can be seen below), 61.8% Fibonacci correction of the upward impulse (1) and the lower daily Bollinger Band.

The upward reversal from this support zone started the active medium-term impulse wave (3) which belongs to the long-term impulse wave ③.

Natural Gas is likely to rise further and re-test the next resistance level 2.800 (former support from the start of July).

NTGUSD - 1 - Jul-25 1912 PM (1 day)

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