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Natural gas remains above the threshold with little time left, so a close above $2.910 is favored.
The settlement-basis price is $2.9353, leaving a thin cushion over $2.910 with less than an hour remaining. The price has retreated substantially from an earlier move above $3.00, making another abrupt swing credible. Record production and above-average inventories add downside pressure, while disrupted global LNG flows provide support. The current cushion and short remaining window make an above-threshold close favored.
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