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Natural gas prices have delayed their bullish momentum, hindered by the MA55 consolidation below the $2.3400 barrier and negative stochastic momentum signals approaching oversold levels. This development exerts significant pressure on the 61.8% Fibonacci correction level at $2.130.
Ongoing negative pressures could increase the likelihood of breaking current support levels, potentially leading to further declines towards $2.050 and $1.950.
The anticipated trading range for today is between $1.950 and $2.200.
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Why Coal is Better Than Natural Gas?
