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Natural Gas Weekly Price Forecast - Natural Gas Markets Show Buyers Again
The natural gas markets gapped lower to kick off the week, sliced through the 50 week EMA, and then turned around to form a bit of a hammer. The hammer of course is a bullish sign and it repudiates the idea of the shooting star from the previous week. There is a gap above at the $2.75 level, so we can break above there it’s likely that the market will continue to go much higher. video Based upon the cyclicality of the market, natural gas market should continue to go higher based upon the fact that there is a lot of cold weather in the United States and Canada coming, but beyond that we already have seen our take ... (full story)