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"Natural Gas Prices: Navigating a Bearish Storm Amid Oversupply and Mild Weather Forecasts"

Natural gas is experiencing downward pressure and is likely to continue its bearish trend, with potential support levels around 2.03 to 1.95 and a possible pivot at 1.92. The market has fallen below key moving averages and support lines, indicating a strong bearish sentiment. Downward momentum may slow down as it approaches a new trend low, potentially leading to a bullish reversal, but a decisive drop below today’s low could signal further downside.

1 year ago•Source: FX Empire

"Analyzing Natural Gas Price Volatility and Support Zones Amid Production Changes"

commodity-market-analysis

3.185 min•2 years ago

"Analyzing Natural Gas Price Volatility and Support Zones Amid Production Changes"

Traders are closely monitoring natural gas as it trades within a potential support zone defined by the uptrend line, the 78.6% retracement, and the prior swing low at 2.235. A decisive decline below 2.31 could signal further price drops, with potential support around the 2.235 level. However, the bearish trend remains intact, and a rally above 2.31 could indicate strength, potentially leading to a tradeable bounce. If prices weaken further, a test of trend lows around 1.97 to 1.94 is possible.

via FX Empire

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"Natural Gas Prices: Navigating a Bearish Storm Amid Oversupply and Mild Weather Forecasts"

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