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Natural Gas Nears Another Corrective Turn


During the past several hours, nearby Natural Gas has found some support at 4.43, and has pivoted to the upside into a rally to 4.50 so far.

A climb that sustains above 4.52 is needed to trigger very preliminary signals that Natural Gas has completed a pullback and already is in another rally phase.

Otherwise, I cannot rule out another loop down that retests 4.43 prior to my expectation of the emergence of a new upleg that should confront heavy intermediate-term resistance at 4.85/90.

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