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Natural gas prices have recently closed below $2.30, indicating a continuation of bearish momentum and surpassing the initial target of $2.10.
The prevailing negative momentum, as indicated by major market indicators, suggests an increased likelihood of a further decline toward the next support level at $1.95. Should this support be breached, it could lead to a deeper drop, with the next significant target set at $1.78.
Today’s anticipated trading range is between $2.12 and $1.95.
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