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10.12.202108:53 Forex Analysis & Reviews: Elliott Wave Analysis of Natural Gas for December 10, 2021

Exchange Rates 10.12.2021 analysis

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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