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Commodities

Technical Resistance Caps Natural Gas Futures at $3.00/MMBtu

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas futures trading was impacted by technical resistance in October as the calendar flipped to September. The price of front-month natural gas futures remained below $3.00/MMBtu, a level that has been acting as a ceiling for the market.

Support for the price lies close to $2.777, according to technical analysis. However, the fundamental backdrop for natural gas prices remains mixed, with various factors influencing supply and demand.

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