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Natural Gas: Continues to Be a Buy
The natural gas market exhibited a back-and-forth dance in Friday's trading session, firmly entrenched around the $3.50 level in the futures market. Underpinning this price action is the reassuring presence of the 200-Day Exponential Moving Average, providing a sturdy floor for the market. A potential scenario worth considering is the prospect of a breakthrough above the previous week's highs, a move that could propel natural gas prices towards the $4.00 mark. This trajectory aligns with the seasonal trend, as winter typically ushers in increased demand for natural gas. Adding to the intrigue, European nations ... (full story)