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Natural Gas Strengthens, Eyes Key Resistance Levels
video Natural gas shows strength as it rallies above a minor swing low at 2.82, then tests resistance around the August 31 swing high of 2.865. The high for the day at the time of this writing is 2.87. A breakout and subsequent daily close above the August 31 swing high is next needed to confirm strength. If that happens then natural gas should be on its way to test the August 9 swing high of 3.02 and might continue higher. chart An interim price level to watch is at 2.94. That’s the initial completion of a rising ABCD pattern. It completes where the CD leg of the developing uptrend matches the price change ... (full story)
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- Posted: Sep 19, 2023 5:30pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 80
