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Shalvisharma5

#NaturalGas Update | 20Mar | MCX

Long
Natural Gas Futures (MCX:NATURALGAS1!)  
Shalvisharma5  
MCX:NATURALGAS1!   Natural Gas Futures
Trend Analysis Harmonic Patterns Chart Patterns
4
1
trendanalysis harmonicpatterns chartpattern
Timeframe: 1Hour
Strategy: Long

Technically
Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move.

As per the news
  1. Natural gas prices surged as colder US weather forecasts increased heating demand.
  2. Shutdown of a Texas LNG terminal unit limited exports, while lower US electricity output dampened demand.
  3. Weekly EIA reports showed a smaller-than-expected decline in inventories, indicating ample supplies.
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