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Natural Gas Price Forecast: Targeting Higher Levels

From fxempire.com

{video} Natural gas triggered a bullish continuation today as it rallied above the prior trend high of 2.27. It is on track to possibly close above that price level and confirm the breakout. It will be a clearer sign of strength if it does close above 2.27. Resistance for the day was seen at a high of 2.31, an interim target defined from a prior swing low. Today’s advance followed a retest of support with a low of 2.15, before buyers took back control. {chart} Bullish price action seen today improves the chance that natural gas reaches the next higher target zone. It is anchored around the 200-Day MA, currently at ... (full story)

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  • Category: Technical Analysis