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Natural Gas (NG) is headed towards the 11.30 target. As we often see within the commodity complex, wave 5 turns into a runaway rally. This could be the case here too. If this proves to be the case, then 11.30 will only be a temporary stop on the way higher to 16.10 and maybe even higher than that.
Support is now seen at 7.66 and solid support is seen at 6.43.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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