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Natural Gas Price Prediction – Prices Rebound and Eclipse Resistance
Natural gas prices moved higher on Monday rising 1.76% bouncing ahead of support. Prices have been in a downtrend as the withdrawal season changes over into the injection season. The weather is expected to be warmer than normal for most of the east coast and the mid-west reducing heating demand during the shoulder months. Technical Analysis Natural gas prices rebounded and settled through resistance levels which is now support near the 10-day moving average at 2.69. Resistance is seen near the March highs at 2.91. Short term momentum has turned positive as the fast stochastic recently generated a crossover buy ... (full story)