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Natural Gas Soars: Bullish Momentum Indicates Potential for Further Gains
video Natural gas breaks out of yesterday’s bullish doji hammer candlestick pattern on a move above 2.64. Upward momentum subsequently kicked in generating a long-range green candle. It has reached a high of 2.78 at the time of this writing yet remains strong. And it is on track to close in the top quarter of the day’s range. chart Today’s low to high measures a 6.8% range. That range is similar to the first strong momentum move that was seen coming off the August 2 bottom. As natural gas started to rise it had a 7.1% range day on August 7. This is what we would like to see to confirm growing bullish ... (full story)