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Nat Gas: Market Remains Volatile

Published 02/05/2014, 05:56 AM
Updated 07/09/2023, 06:31 AM

Nat Gas Weekly Chart

Natural Gas held above 4950/60 but beat 5100/10 to reach 5397. The market remains volatile but resistance at 5345/95 could hold a move higher again today. Immediate support is 5245 but below here targets 5150. A bounce from here is likely but if we continue lower look for 5075, possibly good support at 5000/4995.

A break above 5400 can target 5442/5477. If we continue higher we could retest 5725 highs last week.

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