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Natural gas Wave Analysis – 8 May, 2019

Natural gas Wave Analysis – 8 May, 2019

 
  • Natural gas falling inside impulse wave (3)
  • Likely to fall to 1.700

Natural gas has been falling in the last few trading sessions inside the medium-term downward impulse wave (3), which started previously from the key resistance level 2.1.

The downward reversal from the resistance level 2.1 created the well-formed daily Japanese candlestick reversal pattern Evening Star.

Natural gas is expected to fall further toward the next support level 1.700 (former strong support level from April).

Natural gas Wave Analysis – 8 May, 2019


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