Fibonacci Extension measured from $4.75 low to $7.60 high shows that $2.989 level coincides with 1.618% extension and on this basis we think that the current bearish drop can pause at $2.989 and start a short term rebound towards resistance zone of $4.75
The rebound rally will have several twists and turns en route to $4.75 destination.
However, this is our projection based on Fibonacci Extension.
Natural Gas is a weather driven commodity which runs more on fundamentals than technical factors.
The rebound rally will have several twists and turns en route to $4.75 destination.
However, this is our projection based on Fibonacci Extension.
Natural Gas is a weather driven commodity which runs more on fundamentals than technical factors.
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