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Wave Tech Analysis

FxPro Forex Analysis: Natural Gas Wave Analysis – 29 August , 2018

• Natural Gas broke support area
• Further losses are likely

Natural Gas continues to fall after the earlier breakout of the support area lying between the key support level 2.900 (which reversed the previous waves (iv) and (b)) and the 38.2% Fibonacci correction of the previous ABC correction 2.

The breakout of this support area accelerated the active short-term impulse wave 3 which belongs to the medium-term impulse wave (3) from June.

Natural Gas is expected to fall further and retest the next support level 2.800 (former resistance form July).

NTGUSD - Primary Analysis - Aug-29 1900 PM (1 day)