Since my last analysis, natural-gas bulls look full of renewed energy at $2.710 to take vengeance from the infiltrating bears who dared to hit them. The weekly inventory data seems to support the bulls. I think that natural-gas bulls are ready to move the exhausted bears out of the way.
A sustainable move above $2.767 will confirm the beginning of a bullish move toward $2.806 with a second target at $3 and above. On the other hand, a strict vigil needs to be maintained at $2.688. $2.667 provides strong support for bulls to move ahead. No doubt that growing volatility could break in either direction from current levels but I think these levels look supportive between2.697 and $2.717.
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