Long
Natural gas approaching support zone
Natural gas is currently declining since mid-February and is approaching the 50% retracement level at $2.73 of the rise experienced from January end to mid-February. It is likely that Natural gas would rebound from these levels in the coming sessions, on the higher timeframe charts as well it is approaching support zone. It would be prudent to say that natural gas could rise towards $2.82 and $2.85 while it sustains above $2.70.
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Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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