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Natural Gas Price Forecast: Bullish Continuation Stalls at Resistance Zone
video Natural gas advanced on Monday, reaching a high of 2.26, at the time of this writing. It was the third day in a row that it rallied. Each of the prior two days ended strong, in the top quarter of the day’s range. Earlier, it looked like today’s session may also end strong, but the situation has weakened somewhat intraday. Upward momentum has been strong as the two previously identified resistance targets at 2.20 (rising ABCD pattern, 127.2% extended target (D)) and 2.24 (38.2% Fibonacci retracement and swing low support from December 13) were exceeded to the upside. An intraday pullback followed the 2.62 ... (full story)