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NG watching the 6.00 level for a break or rejection
Natural gas has been hovering around the 6.00 psychological level all morning. A clean break above 6.07 could signal further upside, but a strong rejection here could see it fall back towards the 5.77 support.
1 comments · 5 points
Not sure why 6.07 would be the magic number. I'm seeing more resistance at 6.15 from the daily chart. A rejection here feels more likely given the current pressure.