ENERGY NATuRAL GAS (NG1)

Here is my analysis of natural gas we have a big sell that came from the market retest as correction of bearish wave (c) with a high strong momentum after US inventories of the fuel rose more than expected, still anticipating to sell more of it selling to the downside breaking below the previous low.


Levels to take note: -NG-
. 8.207 Broken support which is now resistance (0.618 Fib)
. 7.652 Current support (0.5 Fib)
. 7.133 Expected support (Targeted support 0.382 Fib)