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.
Technical Analysis Team
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