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Re: Nat gas futures adds to losses...UNG *PIC*

Price holding above the 50 and 100dma so far today despite the bearish report. Technicals studies look positive as well but need to see the 50 cross through the 100 and 200dma's before getting too enthusiastic. A challenge of the 200dma might generate some excitement as well. The favourable part of the seasonal trend pattern is also fast approaching (mid-February) and could coincide with some fireworks if this market is going to get serious about turning the corner to full-on bull. A break with multiple closes above both the 200dma and 1-year downtrendline would qualify.

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Re: Nat gas futures adds to losses...UNG *PIC*