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Natural Gas Price Forecast: Surges to New Highs, Faces Potential Resistance Zone
video Following a drop below Friday’s low earlier in Monday’s session, natural gas rallied to a new trend high, generating a bullish outside day. In addition, last week’s high was exceeded. If today’s close is above last week’s high of 2.34, another bullish clue will be indicated. Demand remains strong at the time of this writing as trading continues near the highs of the day, which currently is 2.38. Natural gas has entered the start of a potential resistance zone that begins at 2.37 and ends around the 200-Day MA, now at 2.46. That range is derived from several pieces of analysis. chart Like criminal ... (full story)