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Natural gas prices extended their descent, forming additional negative trends and touching the 1.700 level, influenced by significant indicators contributing to the prevailing negative momentum.
It’s noteworthy that the consistent trading below the 2.000 barrier reinforces our inclination towards bearish positions, with an anticipation of a potential decline towards 1.625 shortly. This trajectory is expected to be followed by renewed pressure on the critical support level at 1.540.
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The projected trading range for today is anticipated to fluctuate between 1.840 and 1.620.
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Trend Forecast: Bearish
