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SE Arkansas | I’m Short and very Bearish. Price Target $4.50. This rally does not reflect domestic fundamentals. The NG market is currently temperature independent loose. Production is going to rise 2 BCF/day over the next month as well. European Inventories are rapidly approaching the 5 year average and prices are going to crash over there as well, assuming they continue to accept Russian NG. | |
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Natural gas chart
