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Natural Gas Price Forecast: Faces Healthy Pullback
video Natural gas triggered a deeper pullback today following a breakdown of an inside day. It was followed by a three-day low of 2.90. Support was seen off that low leading to an intraday bounce. Today’s low tested support around the prior trend high of 2.92, which was followed by a rejection the upside. This is a normal and healthy minor pullback following a clear bullish breakout last week. Natural gas broke out above both the long-term downtrend and bull pennant trend continuation pattern last week. chart An uptrend line marks dynamic support for the current advance that began from the April 25 swing low. ... (full story)