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Navigating Natural Gas: Unraveling Trends and Future Prospects
video Natural gas falls hard once again, dropping to a new retracement low on a gap opening for the week. The recent swing low of 2.235 was tested as support with day’s low of 2.31. That was right around the 78.6% retracement of the full advance starting from the April 2023 swing low. Support was subsequently seen near the low, leading to an intraday rally. Natural gas is on track to close higher than the open and in the top half of the day’s range. chart Certainly, the gap today may turn out to be an exhaustion gap signaling the end of the correction. However, we first need to see signs of strength. ... (full story)