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"Arctic Blast Propels Natural Gas Above $3 Amid Bullish Momentum"

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Source: FX Empire
"Arctic Blast Propels Natural Gas Above $3 Amid Bullish Momentum"
Photo: FX Empire
TL;DR Summary

Natural gas experienced a breakout rally, surging to a 78.6% Fibonacci retracement and reaching a high of 3.39, indicating a potential shift in bearish trends. The bullish price action suggests a possible failure of the previous bearish flag breakdown, with a 49.8% increase in price over 17 days. However, signs of resistance at the current high may lead to a short-term pullback, possibly testing support levels at the 38.2% Fibonacci retracement and the 50-Day MA.

Topics:business#bullish-rally#fibonacci-retracement#finance#natural-gas#price-forecast#resistance-levels
Share this article
  1. Breakout Rally: Natural Gas Challenges Bearish Trends  FX Empire
  2. February Natural Gas Surges Above $3 Early as Projected Arctic Blast Intensifies  Natural Gas Intelligence
  3. Energy shines in markets as natural gas surges: Traders, watch this commodity 🚀  ForexLive
  4. Natural Gas Price Forecast – Natural Gas Slams Into Resistant Area  FX Empire
  5. Colder Forecasts Send Natural Gas Futures Briefly Above $3; Cash Slides  Natural Gas Intelligence

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