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Working natural gas in storage across the United States increased by 79 billion cubic feet in the week ending May 3 compared to the previous seven-day period to reach 2,563 billion cubic feet, the Energy Information Administration (EIA) said in its report published on Thursday. On an annual level, the figure advanced by 444 billion cubic feet. Additionally, ...
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Natural gas has been on the rise lately, but the rally might be cut short as the commodity has formed a bearish divergence on its hourly time frame. Price has formed higher highs since May 6, but the oscillators are showing lower highs. Stochastic is already in the oversold region, though, suggesting that the selloff may be over. However, RSI has plenty of ...