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Natural Gas Explodes towards its May High


My intermediate-term chart work on nearby Natural Gas helped show us the way last month as the price structure clawed its way from 3.38 up through important MA's at 3.65, then above key resistance at 3.88 into a near-vertical thrust that is ongoing as we speak, and which points to a next target of 4.600.

At this juncture, only a decline that breaks and closes beneath 4.00 will indicate that the upleg from the Nov 5 low at 3.379 is over.

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