FxPro - Analytics

FxPro

752.75 6.25/10
88% of positive reviews
Real

Natural gas Wave Analysis – 30 July, 2020

Natural gas Wave Analysis – 30 July, 2020

  • Natural gas reversed from resistance zone
  • Likely to fall to 1,8750

Natural gas recently reversed down from the key resistance zone lying between the resistance level 1,965 (which has been reversing the price from May), upper daily Bollinger Band and the 61,8% Fibonacci correction of the previous downward impulse 1 from May.

The downward reversal from this resistance zone stopped the earlier short-term impulse wave (c).

Natural gas is likely to correct down to the next support level 1,8750 (former minor resistance from last week).

Natural gas Wave Analysis – 30 July, 2020


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree