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Natural Gas Technical Analysis Technically, natural gas continued to decline amid the continuation of negative pressure due to its trading below the simple moving average for the previous 50 days, in addition to the influx of negative signals on the relative strength indicators, despite reaching oversold areas.
All of this comes in light of being affected by the breach of a major bullish slope line earlier in the medium term, as shown in the attached chart for a daily period. All these negative factors make us expect the natural gas to continue declining during its upcoming trading, especially in case it breaks the current 5.
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