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Natural Gas Price Forecast – Natural Gas Quiet Into the Weekend

From fxempire.com

Natural gas markets continue to chop around between the 200 day EMA on the bottom and the 50 day EMA on the top, as we hang on to the $2.60 region. That being said, there is a significant uptrend line just underneath that could offer support right along with the 200 day EMA, so if we were to break below that I think that could kick off the massive selling. You could even go so far as to call this a bearish flag, but that is probably using a little bit of artistic license to get there. {video} If we were to break above the 50 day EMA it could open up a move towards the $2.75, $2.85, and then possibly even $3.00. I am ... (full story)

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  • Category: Technical Analysis