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Natural Gas Price Forecast November 9

From fxempire.com

The natural gas markets remained somewhat elevated during the trading session on Thursday, even though we are starting to finally drift a little bit lower. I think at this point, we are looking at a market that needs to pullback towards the $3.30 level, which is where the gap started. Gaps tend to get filled, and of course we are far ahead of ourselves. It’s not until we break down below the $3.15 level that I would be concerned with the uptrend, and with the overall fundamentals suggesting that we should go higher, and I think that the winter coming of course adds the seasonality to the reasons that we should go ... (full story)

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  • Category: Technical Analysis