Natural gas hit a strong resistance during the Tuesday trading session, reaching a $2.873 peak, and suddenly pulls back to 2.83 level, continuing with it’s high volatility lately.
We belive that this pull back is a sign that Natural Gas will start pulling back, maybe to $2.78 area in the course of the next days.
We also belive that it’s only a matter of time before sellers come in action and will pull the price down even further,and if it breaks the $2.78 support level, it could continue to go down till $2.7 area.The market is still in high volatility but there are signs that sellers already took over and a down trend should form.
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