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Natural Gas dropped below 200 level pulling back on profit

Natural Gas dropped below 200 level pulling back on profit

Natural gas trading range for the day is 195.1-203.5. Natural Gas dropped below 200 level pulling back on profit booking as traders continued to monitor shift in weather forecasts. Warm to mild conditions will dominate most of the U.S. this weekend, even as a spring-like weather system with heavy showers. Trader looked ahead to weekly storage data which is expected to show a draw of 147bcf in the week ended March 17.

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