Natural Gas (NATGASUSD): The Situation May Become Worse ๐จ
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Update for Natural Gas.
This week the market set a new higher high higher close on a daily violating a previous high.
Analyzing a monthly chart we may see a breakout attempt of 6.07 - 6.70 structure resistance cluster.
Monthly candle close above that zone will confirm a breakout and may lead to a strong bullish rally.
Next resistance on focus will be 9.0 level.
Be prepared for bullish continuation traders.
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