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Natural Gas Forecast: Will Continue to Go Back and Forth

From dailyforex.com

Natural gas markets have rallied a bit during the trading session on Tuesday but still remain very tight as we have been going back and forth in the same area for some time. That being the case, the $1.90 level continues to be a bit of a magnet for price, and it makes quite a bit of sense that we are still in this general vicinity. Ultimately, the markets need to make some type of decision as to where we go next, and that will more than likely be due to some type of winter storm. I expect some type of bounce from here, but that bounce should be a nice selling opportunity before it’s all said and done. If the market ... (full story)

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  • Category: Technical Analysis