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Navigating the Natural Gas Downturn: Analyzing Today’s Bearish Move
video It looks like a decision was made today in the price of natural gas and it is bearish. Natural gas began the week by opening with a large gap down, easily falling through several possible support levels including the 88.6% Fibonacci retracement, which was completed at 2.14. Yet, the price continued to fall. It is well on its way to testing and possibly exceeded prior support levels near trend lows from 2.03 to 1.95. At the time of this writing sellers remain in control with trading happening at the lows of the day. chart Natural gas has been progressing its downtrend since the breakdown of a rising parallel ... (full story)