Natural Gas Wave Analysis 12 March 2025

(MENAFN- FxPro)

Natural gas: ⬇️ Sell

– Natural gas reversed from round resistance level 5.0000

– Likely to fall to support level 3.815

Natural gas recently reversed from the resistance area between the round resistance level 5.0000, the upper weekly Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from 2022.

The downward reversal from this resistance area stopped the earlier weekly upward impulse sequence (3) from the start of 2025.

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Given the recent formation of the daily Shooting Star and the overbought weekly Stochastic, Natural gas can be expected to fall to the next support level 3.815.

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