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Natural Gas Forecast: Critical Support Tested, Bulls Eyeing a Comeback
video Natural gas reached a new retracement low today before finding support and bouncing right off the long-term uptrend line. An eight-week low of 2.82 was hit thereby returning the price of natural gas back to the October 3 low. The line is solid as it has six touches. This will be the seventh if it holds. Further, the significance of today’s low is enhanced by the fact it is also a monthly low from October as well. In other words, there is a good chance we will continue to progress higher off today’s low given the more significant support level. If the bulls are to return, this is the spot to do it. On the ... (full story)