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Natural Gas Price Forecast: Faces Potential Bearish Breakdown
video Natural gas continued to consolidate on Thursday following a failed attempt to advance higher yesterday. It is set to close in a weaker position today, near the lows of the day with a lower daily low and lower daily high. Trading continues near the lows of the day (1.965) at the time of this writing. That price level marked horizontal resistance at the top of the bottom symmetrical triangle formation in March. It marks a full swing back to test the 2.00 zone as support. That zone has maintained support for more than two weeks, yet it is at risk of failing. Natural gas has been unable to sustain a rise from ... (full story)
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- Posted: Aug 1, 2024 5:31pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 169
