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Natural gas price attacks the resistance – Forecast today – 7-6-2024
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Natural gas price attacks the resistance – Forecast today – 7-6-2024
Jun 7, 2024 3:56 AM

Natural Gas Price Analysis Expected Scenario Natural gas price benefited from providing positive momentum by stochastic yesterday, forming a new bullish wave that pressed on the resistance near 2.880$, which represents the initial positive target in the previous report. The main stability above the extra support level at 2.520$, and the attempt of forming extra support at 2.700$, make us wait for breaching the current resistance to open the way towards the upside, targeting new positive stations that begin at 3.200$ and 3.500$. Expected Trading Range Between 2.700$ support and 3.100$ resistance.

Trend Forecast: Bullish

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