Elliott Wave Analysis of Natural Gas for October 13, 2021

analytics6166643d77fe5.jpg

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.

The material has been provided by InstaForex Company - www.instaforex.com

from RobotFX
- Need a custom expert advisor?
- Try the Complex Trader EA.

Share this:

Forward
Backward