NATURALGAS Weekly Trade || 18 April - 24 April Long

Natural Gas FuturesMCX

Description

⋅ Apr 18, 2024 9:05 AM

Timeframe: 4-hour
Entry: Favorable above 149
Targets: 155.5, 162
Stop Loss: 145

Technical Analysis:
Natural Gas Storage data is pivotal for price movements, reflecting the market's supply-demand equilibrium. Elevated storage builds may exert bearish pressure, while lower builds or draws could drive prices upward.

Comments

dev1313

⋅ Apr 20, 2024 6:37 PM

In my view Natural Gas may break the 145 and will retest the 137 support line.