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CFDs on Natural Gas
Long

Natural Gas (NATGASUSD): BREAKOUT OF A MAJOR CHANNEL!

By VasilyTrader
snapshot

Very important shift on natural gas:
the market has broken above a major falling channel yesterday after a formation of a higher low.

the breakout is considered to be confirmed and our bias slightly switches to bullish.

now the price may retrace and then it will most likely continue to the next key resistance areas:
resistance 1: 2.0 - 2.1
resistance 2: 2.18 - 2.255

adjust your trading plan accordingly!
Chart PatternsCommoditiesForexfuturesnatgasNATURAL GASNatural GasNatural GastradingTrend AnalysisDJ FXCM IndexWave Analysis
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