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Wave Tech Analysis

FxPro Forex Analysis: Natural Gas Wave Analysis – 07 September , 2018

• Natural Gas broke support area
• Further losses are likely

Natural Gas recently broke through the support area lying between the support level 2.800, support trendline from April and the 61.8% Fibonacci correction of the previous upward correction 2 from the middle of July.

The breakout of this support area accelerated the active short-term impulse wave 3 from the middle of August.

Natural Gas is expected to fall further and retest the next support level 2.710 (low of the previous impulse wave 1 from July).

NTGUSD - Primary Analysis - Sep-07 1905 PM (1 day)