Natural gas hit the Cup with Handle target at 5.26 yesterday and despite the strong rally towards this target, more upside progress seems to be in store for NG towards the extension target seen at 6.40.
Short-term we see support at 4.90 which ideally will protect the downside for the next swing higher towards the extension target at 6.40 from where a more substantial correction should be expected.
The material has been provided by InstaForex Company - www.instaforex.comfrom RobotFX
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