Is Natural gas set to go even higher?
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Natural gas is being rejected again from the strong upside resistance of 6.000 a confluence of the falling trend line and horizontal line. A break above the 6-6.5 zone is required for the upside continuation which we find not likely at the moment as we expect a pullback before another test of this zone.
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The weekly chart shows that the instrument is strongly rejected from the upside channel resistance indicated before close to 6.5 and is reversing lower in a corrective pullback. Strong support is seen at 4.7000
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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