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FX.co ★ Elliott Wave Analysis of Natural Gas for October 13, 2021

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Forex Analysis:::2021-10-13T04:44:56

Elliott Wave Analysis of Natural Gas for October 13, 2021

Elliott Wave Analysis of Natural Gas for October 13, 2021

Natural gas seems to have peak temporarily at the cup and handle extension target near 6.40. We should see a correction towards at least 4.25 and possibly even closer to 3.80 before the next push higher towards 8.26 as the next upside target.

Short-term resistance is seen at 5.88, which ideally will cap the upside as the ongoing correction unfolds towards 4.25 and possibly 3.80.

Analyst InstaForex
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