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NATURAL GAS ADVISE FORECAST UPDATE BY TECHNICIAN TEAM

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Natural gas markets initially drifted down towards the $2.91 level before bouncing on Monday. The market ended up rolling over though later as the Americans were on board, and I think we are starting to see the first vestiges of selling pressure in this market. That being the case, I think that natural gas is going to offer a nice selling opportunity, and I think that the $3.00 level above continues to be massive resistance. I may not be willing to short quite yet, but I’ve deftly paying quite a bit of attention to this market.

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