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Natural gas prices have solidified a bearish trend by establishing a new downward channel. The market is now dependent on the resistance level at $2.285 to sustain the negative momentum.
The 55-day Moving Average (MA55) is aligning with this major resistance, intensifying the downward pressure. The next anticipated targets are $1.950, with the primary goal of reaching $1.720.
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Today’s expected trading range is between $1.950 and $2.160.
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Trend Forecast: Bearish
