InvestMate| Naturalgas Is Getting More Expensive🏭

🏭 Naturalgas is getting more expensive

🏭 Observing the behaviour of gas in the last few days, I come to the conclusion that the medium-term uptrend is not over yet.

🏭 As you can see gas has been in accumulation since the end of October.

🏭 But in recent weeks something like the next upward wave is building.

🏭 After today's 7.86% rise, further increases are not at all unlikely.

🏭 The nearest zone of resistance is around a cluster of two fibo levels. The first is 0.786 of the last major downward wave. The second is 1.618 of the last local downward wave.

🏭 The support zone is determined by the cluster of the 0.236 and 0.382 levels of the last downward wave.

🏭 Also noting that we have pierced the 50-period moving candle and the MACD and RSI are generating signals towards the continuation of the current uptrend.

🏭 We have no choice but to observe how the price will behave.

🏭 The scenario I'm playing out is a continuation of the uptrend to the designated resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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