Current Situation: Natural Gas is currently trading in a supply zone, indicating potential selling pressure.
Support Levels:
Support 1: 177.50
Support 2: 173.10
Bearish Factors:
Cooler weather forecast: This could reduce demand for natural gas for heating purposes.
Freeport LNG disruptions: Continued issues at the Freeport LNG export facility are limiting demand for natural gas.
Overall: Downward pressure is expected on natural gas prices due to the bearish factors mentioned above. The support levels will be crucial in determining the price direction.
Disclaimer: This information is for educational purposes only and should not be considered financial advice.
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.
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.