Get started
Shalvisharma5

#XNGUSD #NaturalGas update || 15 Mar

Long
US Natural Gas (Spot) (XNGUSD) (FXOPEN:XNGUSD)  
Shalvisharma5  
FXOPEN:XNGUSD   US Natural Gas (Spot) (XNGUSD)
Trend Analysis Harmonic Patterns Chart Patterns
3
0
trendanalysis harmonicpatterns chartpattern

🕓TimeFrame: 1 hour

Technically: Natural gas found support at 1.740 and rose post-inventory data. Currently moving above the 100EMA, indicating a positive outlook in the 1-hour timeframe. If manage to sustain above 1.889 we will see further upside levels

As per the news:
🔸Nat-gas prices surged after a larger-than-expected inventory drawdown of -9 bcf.
🔸Cooler weather forecasts and short-covering also contributed to the price rally.
🔸However, abundant supplies and reduced LNG exports due to a terminal closure in Texas are still pressuring prices
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.