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Commodities

NYMEX Natural Gas Futures Hit $3.00/MMBtu Resistance

Guavy AI Editorial Team
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Natural Gas
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Natural Gas Futures Prices Rose Early on Wednesday But Faced Resistance at $3.00/MMBtu

According to Natural Gas Intelligence, new York Mercantile Exchange natural gas futures prices rose early but faltered at midday on Wednesday as technical resistance near the $3.00/MMBtu level triggered sales.

The market digested evolving weather forecasts, solid LNG demand estimates, and strong but choppy production readings during this time.

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