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CA_Chetanbhasin

#Natural gas #Cup&Holder

Natural Gas Futures (MCX:NATURALGAS1!)  
CA_Chetanbhasin Updated   
MCX:NATURALGAS1!   Natural Gas Futures
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
Production continues to fluctuate in the high 90s Bcf/d to low 100s Bcf/d as pipeline maintenance events temporarily curb gas flows

Preliminary data showed gas output fell to a three-week low of 100.8 billion cubic feet per day on Thursday.

At the same time, gas demand is expected to increase from 91.3 bcfd this week to 91.6 bcfd next week as warmer weather is making more people turn on their air conditioners.

Technically
Forming Cup & Holder formation on Daily chart breaking above 194 can take NG to 220 levels
Trade closed: target reached
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