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Natural gas prices are witnessing renewed downward movement in an effort to break away from the prevailing bearish trend, as indicated by recent chart analysis. This reinforces expectations of a continued decline, with initial targets aimed at breaching the $2.225 mark to potentially rally towards $2.100.
Analysts maintain a cautious outlook, predicting a sustained bearish trend in the near term unless there is a decisive breach above $2.580 and a subsequent hold above this level.
Today’s anticipated trading range is projected to fluctuate between $2.200 and $2.400.
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