"Natural Gas Market: Supply Drop and Heating Demand Drive Price Surge"

TL;DR Summary
Natural gas pulled back from last week's high, testing support at the uptrend line, with a minor bullish indication. Demand picked up intraday, leading to a bounce to test resistance. Volatility is muted due to a U.S. bank holiday, with a possible doji close. A potential bearish double top reversal pattern has formed, with strong support expected at the 200-Day MA or higher. Despite some retracement, bullish indicators suggest natural gas may be ready to test recent highs after a period of consolidation.
Topics:business#bearish-signals#finance#market-analysis#natural-gas#support-and-resistance#technical-indicators
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