Natural Gas fell hard today, further complicating the understood direction of this market. It appears that we are currently trying to settle between the $4 and $4.25 areas, as we contemplate whether or not Nat Gas will be replacing nuclear in the near-term future. However, we are in a long-term downtrend, as there is an overabundant supply of this energy for the market to digest. A break below $4 is extremely bearish, while as break above $4.20 sends us to $4.50 or so.
Originally posted here
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