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Natural Gas Prices Are Trading near the Key Resistance

Natural Gas Market: Inventory and Weather

(Continued from Prior Part)

Trading range

Natural gas futures contracts have been showing the emergence of a rectangular trading range since early June 2015. Prices are fluctuating within this range and trading close to the key resistance of $2.90 per MMBtu (British thermal units in millions). Weather and inventory estimates could drive natural gas prices this week.

Key pivots

The demand from electric power plants could support natural gas prices. The next...