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May 20, 2021 at 04:34PM
• Natural gas reversed from support level 3.156
• Likely to fall to support level 2.900
Natural gas recently reversed down from the resistance level 3.156 (former resistance from November) – standing well above the upper daily Bollinger Band.
The resistance zone near the resistance level 0.7845 was strengthened by the resistance trendline of the daily up channel from April.
Having just broken this up channel – Natural gas is likely to fall further toward the next support level 2.900 (former monthly high from March).
From: The FxPro News Team https://fxpro.news/technical-analysis/natural-gas-wave-analysis-20-may-2021-20210520/
Selected by fonecable.com
Search Web: Natural gas Wave Analysis 20 May, 2021
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