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Natural Gas Wave Analysis – 25 May, 2020

Natural Gas Wave Analysis – 25 May, 2020

  • Natural Gas falling inside short-term impulse wave 3
  • Likely to fall to 1,5920

Natural Gas continues to fall inside the short-term impulse wave 3, which started earlier when the price reversed down from the resistance level 1.873, intersecting with the 50% Fibonacci retracement of the previous sharp downward impulse wave 1 from the start of May.

The active impulse wave 3 belongs to the longer-term downward impulse sequence (3).

Natural Gas is likely to fall further toward the next support level 1,5920 (which reversed the two previous sharp waves (ii) and 1).

Natural Gas Wave Analysis – 25 May, 2020


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