Natural gas: ⬇️ Sell
- Natural gas broke support area
- Likely to fall to support level 3.0000
Natural gas recently broke the support area between the support trendline of the weekly up-channel from last August, support level 3.4 and the 50% Fibonacci correction of the daily uptrend from August.
The breakout of this support area accelerated the active short-term impulse wave 5 of the intermediate impulse wave (C) from the end of March.
Natural gas can be expected to fall to the next round support level 3.0000 (target price for the completion of the active impulse wave (C)).
