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We do realize that markets can become technically oversold especially when approaching major support areas, so we’re not going to be surprised if a bullish withdrawal triggers a short-covering ...
Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe. The cold temperatures ...
We remain bullish due to rising demand for U.S. LNG exports, expectations of lower production and the anticipation of colder temperatures.
We’re looking at a rangebound trade until traders get some clarity from this week’s U.S. Energy Information Administration (EIA) weekly storage report. The short-term range is $2.765 to $2.897 ...
Yesterday’s spike to the upside and subsequent price drop, suggests the rally may have been fueled by short-covering rather than professional buying.
The daily chart indicates potential resistance at $2.685 to $2.760. If traders respect this zone, prices could tumble back to $2.546.
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