Natural gas corrected from $9.2/MMBtu to $2.2/MMBtu.
The latest EIA report showed US utilities added 75 bcf of gas into storage last week, more than market expectations of a 69 bcf increase, as mild weather kept heating demand low
Technically, now Natural gas is forming narrow wedge with some diversions seen in RSI. Despite fundamentally it is negative, diversions on weekly charts shows Natural gas can touch $3.4/MMBtu by May
The latest EIA report showed US utilities added 75 bcf of gas into storage last week, more than market expectations of a 69 bcf increase, as mild weather kept heating demand low
Technically, now Natural gas is forming narrow wedge with some diversions seen in RSI. Despite fundamentally it is negative, diversions on weekly charts shows Natural gas can touch $3.4/MMBtu by May
Trade closed: target reached