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FX.co ★ Elliott Wave Analysis of Natural Gas for December 10, 2021

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Forex Analysis:::2021-12-10T09:15:31

Elliott Wave Analysis of Natural Gas for December 10, 2021

Elliott Wave Analysis of Natural Gas for December 10, 2021

We have see the expected corrective decline in Natural Gas (NG) to test the 61.8% corrective target at 3.85. This should be correction enough and and a new impulsive rally is expected to follow soon to way above the peak of wave 3 or 1/ at 6.47.

Short-term a break above minor resistance at 4.34 will be a strong indication that wave 4 or 2/ has completed and wave 5 or 3/ is unfolding to above 6.47.

Analyst InstaForex
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