• Natural Gas broke support area
• Further losses are likely
Natural Gas recently broke through the support area lying between the support level 2.800, support trendline from April and the 61.8% Fibonacci correction of the previous upward correction 2 from the middle of July.
The breakout of this support area accelerated the active short-term impulse wave 3 from the middle of August.
Natural Gas is expected to fall further and retest the next support level 2.710 (low of the previous impulse wave 1 from July).