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TFC Commodity Trading Forum

Nov Nat Gas/Rejected at Price Resistance *PIC*

Nov Nat Gas broke down from 3.90 support it was trying to hang on to and price has typically rallied back after breaking down and found 3.90 is no longer support but now price resistance. Nothing new there. Price must clear the downtrendline to even 'suggest' a rally of any signficance. Even then price would need to clear 4.25 to indicate a change in trend or even a decent rally.