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Natural Gas Price Prediction - Inventories Grow in Line with Expectations

From fxempire.com

Natural gas prices whipsawed and moved down by slightly more than 2% on Thursday following the Department of Energy’s inventory report. Jobs data was slightly weaker than expected which could mean the economic is slowing which could weigh on commodity prices. The weather is expected to be warmer than normal throughout the mid-west and east coast for the next 6-14 days which is also capping prices. Natural gas prices continue to trade in a wide range. Prices made a lower low and a lower high which is a sign of a downtrend. Prices slipped through support which is now seen as resistance near 4.44. Support is seen near ... (full story)

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  • Category: Technical Analysis