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Natural gas prices have recently shifted into a bearish channel, underscoring a continued downward trend. The major resistance level at $2.285 remains critical for triggering further declines. Current technical indicators suggest that the consolidation of the 55-day moving average near this resistance is intensifying negative pressure. Prices are anticipated to drop to the $1.950 level, with a subsequent target of $1.720.
Today’s expected trading range is between $1.950 and $2.160.
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Lpg Vs Natural Gas: What Is The Difference?
