"Rising US Power Prices and Steep Storage Draw Drive Natural Gas Momentum"
TL;DR Summary
Natural gas retraced its gains after encountering resistance at the 78.6% Fibonacci retracement, with potential support at 2.96 and signs of a correction. Bullish reversal signals were confirmed on the monthly chart, and moving averages indicate an improving outlook, with attention on the 200-Day line at 2.64 as a key level to watch.
Topics:business#bullish-reversal#energy-markets#fibonacci-retracement#market-analysis#moving-averages#natural-gas
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