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Natural gas prices have begun to show signs of continued decline, influenced by persistent stability within a bearish channel and the formidable resistance presented by the $2.340 level. Analysts anticipate this resistance to exert further downward pressure, potentially testing support levels around $2.140. Breaking through this barrier is seen as crucial in facilitating a move towards lower price targets, particularly around $2.070 and $1.950.
According to market observations, the projected trading range for today remains confined between $2.220 and $2.070, reflecting ongoing market dynamics and the current resistance levels in play.
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