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Natural Gas Prices Are Trading near the Key Support Level

Natural Gas Prices Fall Due to Weather and Inventory Data

(Continued from Prior Part)

Trading range

Natural gas futures contracts for September delivery were trading close to the key support of $2.60 per MMBtu (British thermal units in millions) on August 27, 2015. The better-than-expected inventory rise and mild weather forecast are weighing on natural gas prices. Any bullish catalyst could drive natural gas prices higher.

Support and resistance

Bullish traders could see...