Natural Gas Price Forecast

Natural gas have fallen significantly during the course of the Thursday session, losing over 5% rather quickly. At this point, the market is sitting at the $3.73 level, and it looks like we are going to continue grinding lower, perhaps trying to take out the support level underneath at the $3.60 level. If we break down below there, then the market is likely to go heading towards the $3.50 level, and then the $3.00 level. The $3.00 level is the target based upon the triangle above, and therefore it makes quite a bit of sense that we get down there.

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