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Natural Gas: Correction Phase May Be Ending

Published 12/19/2016, 05:33 AM
Updated 07/09/2023, 06:32 AM
NG
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Here is what I said about natural gas on 14th December.

Here is the daily chart with latest update:
Natural Gas Daily Chart

So far, it has hit the low of 3.330 as of writing. Now, it is reaching towards the support area of 3.300 followed by 3.17. Let's move on to the 5 hr chart for current progress.Natural Gas 5 Hour Chart

So far no diversion on 5 hr chart (diversion most often hints that the completion of wave C is near) is supporting for move towards south before any sizeable bounce.


Resistance: 3.450 / 3.600 / 3.777
Support: 3.300 / 3.160 / 2.998

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