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Natural Gas Downtrend: Signs Point to Extended Bearish Territory
video It looks like natural gas is not yet done with its retracement. Today’s trading activity started as an inside day but has since morphed to trigger a bearish continuation of the retracement. Sellers clearly remain in control as the early attempt to go higher from the open failed, leading to a sustained decline into new trend lows. A large ranged red candle is the result and natural gas may close below Monday’s low, providing an additional bearish indication. chart Yesterday’s trading range created a potentially bullish hammer candlestick pattern. It did not trigger however, and instead sellers took ... (full story)