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Natural gas Wave Analysis – 15 November, 2019

  • Natural gas reversed from support area
  • Likely to rise to 2.700

Natural gas recently reversed up from the support area lying between the support level 2.600, lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse (C) from the start of October.

The upward reversal from this support area stopped the earlier short-term impulse wave 1.

Natural gas is expected to rise further toward the next resistance level 2.700 (which reversed earlier wave (ii))

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