Natural Gas now targets $3.00

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Prices of natural gas kicked in the new trading week in a positive mood. The uptick came after three consecutive daily pullbacks and was in tandem with increasing open interest and volume, which leaves room for the continuation of the rebound in the very near term. That said, the next up-barrier emerges at the March top at $3.027 (March 3) per MMBtu ahead of a Fibo retracement near $3.20.

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