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Natural Gas Surge: Key Levels and Potential for a Bullish Trend Continuation
video Natural gas continued its ascent today with a rally above yesterday’s high of 2.95. Yesterday, it broke out above the prior swing high at 2.87 and then closed above that price level to confirm strength. Resistance was subsequently encountered today around the long-term downtrend line, leading to a pullback. It is not surprising to see some resistance around the line given its long-term nature and the fact that upward momentum started way lower two days ago. During that short time, it has advanced as much as 16.8% as of today’s high of 2.98. chart In the near-term we’ll be watching for where natural ... (full story)