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FxPro Forex Analysis: Natural Gas Wave Analysis – 03 August, 2018

• Natural Gas rising inside corrective wave 2
• Further gains are likely

Natural Gas continues to rise inside the short-term corrective wave 2 which started earlier from the strong support level 2.720 (which has been steadily reversing the price from the end of April).

The support zone near the support level 2.720 was further strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the previous sharp medium-term ABC correction (2) from March.

Natural Gas is likely to rise further and re-test the next resistance level 2.900 (forecast price for the termination of the active ABC correction 2).

NTGUSD - Primary Analysis - Aug-03 1903 PM (1 day)



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