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News / Technical Analysis / Natural Gas Futures Test Key Resistance, Eye Potential Surge Amid Rising Demand

Natural Gas Futures Test Key Resistance, Eye Potential Surge Amid Rising Demand

Published: 17.09.2024 by Noirbull
U.S. natural gas futures are testing the $2.407 resistance level, with potential to rise to $2.757, driven by improved fundamentals such as a rebound in LNG exports and continued heat in the southern U.S., which is increasing demand. Prices are above the 50-day moving average at $2.298, with the next resistance target at $2.482.
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