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18.10.202309:47 विदेशी मुद्रा विश्लेषण और समीक्षा: Elliott wave analysis of Natural Gas for October 18, 2023

Exchange Rates 18.10.2023 analysis

As the 2a year cycle showed Natural Gas (NG) bottomed right on cue at 1.94 and has since been headed higher. The instrument is likely to continue higher until at least mid-2024 and could extend its rally towards October 2025. If this is the case, we should expect NG to peak above the 2022 top at 10.03. The first major target on the way higher is seen near 4.37 with support firmly in place near 2.50.

However, for the next 8 - 24 months, NG should continue higher according to the cycle.

*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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