Natural gas has approached its support zone of 61.8% retracement of the rise experienced from 22nd January to 17th February indicating limited downside potential. Further it ended in doji candlestick formations near this support zone and has risen slightly, suggesting a sustained rebound could be witnessed. It would be prudent to say that natural gas could rise towards $2.75 and $2.85 while it sustains above $2.60.
Technical Analysis Team
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