Are Natural Gas Prices About to Explode?

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After the price reached the upper bound of the yellow channel, we saw a decline in the central zone of this channel. Since the price broke through the moving average and fixed below it, we can conclude that the bears have good potential at the time of writing. Therefore, in the near future, it is possible to continue the decline towards the lower yellow wall and the support level of 2.267.

However, if suddenly the bears lose their potential, and the bulls gain control over the price, we can see an upward movement towards the resistance level of 2.861 and the upper bound of the yellow channel. The path to the specified level will open in the event of a break of the resistance of 2.528, which forms the moving average.

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