"Natural Gas Prices Hit 42-Month Low Amid Export Moratorium Uncertainty"
TL;DR Summary
The price of natural gas has plummeted to a 42-month low, reaching 1.87 and eyeing a next target of 1.80, with potential further support at 1.61 to 1.44. A bearish long-term trend continuation signal has been triggered, indicating a possible acceleration of the decline, supported by crossovers in moving averages. The market appears to be heading towards lower prices, with downside follow-through still warranted.
Topics:business#bearish-trend#economic-events#energy-markets#natural-gas#price-forecast#support-levels
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