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December 07, 2020 at 03:40PM
• Natural gas broke support level 2.515
• Likely to fall to 2.354
Natural gas continues to fall inside the sharp downward impulse wave (C) – which previously broke the key support level 2.515 (which stopped the (A)-wave in the middle of November).
The breakout of the support level 2.515 was preceded by the breakout of the 50% Fibonacci correction of the upward impulse from September.
Natural gas is expected to fall further toward the next support level 2.354 (monthly low from October) – followed by 2.200.\
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/natural-gas-wave-analysis-7-december-2020-20201207/
Selected by fonecable.com
Search Web: Natural gas Wave Analysis 7 December, 2020
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