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Natural Gas Price Fundamental Weekly Forecast - Looking for Rangebound Trade, but Would Like to See $3.125 to $3.057

From fxempire.com

Natural gas futures finished higher last week in a wicked trade. The market was driven sharply higher early in the week in reaction to Hurricane Michael, which led to a shutdown of production facilities. The market topped out once traders determined the direction of the storm. Due to the damage it caused, demand is expected to drop in the region. For the week, December Natural Gas futures settled at $3.226, up 0.038 or +1.19%. Traders also reacted throughout the week to other weather-related and production issues. The return of cold weather into the equation was a little supportive, but this news tended to be offset ... (full story)

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  • Category: Fundamental Analysis