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Navigating Natural Gas’s Bearish Landscape: Key Indicators and Patterns
video Although natural gas managed to close a little above its uptrend line yesterday, it quickly fell back below the line today, which is where most of today’s activity has taken place. This reflects continued downward pressure in natural gas following Monday’s drop below the line. The retracement can be anticipated to continue lower unless signs of strength return. chart Yesterday’s sharp gap up and advance into resistance around the 50-Day EMA (orange) provided brief hope from the bulls that a retracement low may be in and that a daily close below the long-term uptrend line may not be too bearish. ... (full story)