"Analyzing Natural Gas Price Trends Amid Bearish Pressures and Weather Shifts"
TL;DR Summary
Natural gas remains in a tight consolidation pattern, with bearish pressures intact as it tests support levels. A decisive drop below 2.02 could signal a continuation of the bear trend, with potential downside targets at 1.98, 1.97, and 1.95. However, a bullish reversal could occur with a decisive rally above 2.17, potentially leading to filling the gap at 2.31 and reaching resistance levels around 2.60 to 2.67.
Topics:business#bearish-pressures#economic-events#finance#natural-gas#price-forecast#technical-analysis
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