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20.07.202307:06 विदेशी मुद्रा विश्लेषण और समीक्षा: Elliott wave analysis of UNG for July 20, 2023

Exchange Rates 20.07.2023 analysis

UNG, our proxy for Natural gas, is building a bottom and we should see a break above resistance at 7.72 confirming that a S/H/S bottom has been completed and the next upside attack is ready to unfold. Once resistance at 7.72 gives away, we should quickly see a test of strong resistance at 9.99 that could cause a second corrective decline towards 7.33. However, this decline should be followed by a new impulsive rally through resistance at 9.99 for a rally towards 14.00 and likely higher.

The long-term view still indicates UNG rally towards 38.94. So, look for a break above minor resistance at 7.77 as the GO!

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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