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Natural Gas Futures
Long

NATURALGAS UPDATE | MCX | JUNE 12 - 13th

379
Natural Gas - Long Trade Setup

Entry: Long above 261
Targets: T1: 265
T2: 267
T3: 270
Stop-Loss: 256 -257

News Highlights:

Hotter Summer Forecast: Above-normal temperatures in the US are expected to increase natural gas demand for cooling, boosting prices.
Increased Electricity Demand: Rising electricity output suggests higher natural gas consumption by utilities, providing further bullish support.
Lower Production & Ample Supply: While production is down, inventories remain high, potentially limiting excessive price surges.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial professional before making any trading decisions.
Shalvisharma5
Also on:
Chart PatternsHarmonic PatternsTrend Analysis

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.
Chart PatternsHarmonic PatternsTrend Analysis
Shalvisharma5
Also on:

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.