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Natural Gas Forecast: Markets Continue to Price in Recession
A potential game-changer lies in the scenario where the market manages to break above the upper limit of the current candlestick formation. Such a move could potentially open the door to a trajectory that leads to the 200-Day Exponential Moving Average. I do think this will happen – eventually. Therefore I don’t have overly levered positions in this market, but of its inherent volatility, especially now that the world is slowing down. However, there is also the looming threat of a breakdown below the pivotal $3.00 level, which could result in a substantial market decline. Nevertheless, this outcome appears less ... (full story)
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- Posted: Nov 20, 2023 9:11am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 69
