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In bear markets, prices often fall to lower lows, sit a while to allow the market to digest the new level, and then move even lower. The current bear market in the natural gas futures arena began in early November when the price of the energy commodity could not reach $3 per MMBtu. At the same time, during the previous year, the price rose to a high of $4.929 per MMBtu on the back of the lowest level of inventories in years going into the peak season for demand during the winter months.