Natural Gas (NG) Future Price Is Forming a Multi-month Bottom- A Low Risk/High Reward Opportunity

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Natural Gas (NG) Future price is making progress in forming an early stage a multi-month bottom price pattern, while closing higher in the past few days. Looking at the chart, we can see that NG price is nearing the completion of a descending wedge price pattern, with a good price support at the $2.0 level and on a break of the pattern; we can see price climbing quickly to the $2.50 price level. In addition, the timing of this potential breakout pattern is coming around the highly anticipated weekly natural gas storage data that will be released on Thursday at 10:30am EST.

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