NaturalGas || Weekly levels || 31st - 2nd Feb
Updated
Timeframe: 4 HOUR
Nat-gas prices rebounded from an 8¾-month low, supported by fund buying near 2/mmbtu. Short covering followed, lifting prices. Warm U.S. temperatures, an LNG terminal outage, and ample supplies persist.
Nat-gas prices rebounded from an 8¾-month low, supported by fund buying near 2/mmbtu. Short covering followed, lifting prices. Warm U.S. temperatures, an LNG terminal outage, and ample supplies persist.
Note
Natural gas turned Bullish after U.S. natural gas prices rose 2% on forecasts of cooler weather, rebounding from a nine-month low. Despite warmer trends, an ongoing liquefaction unit shutdown at Freeport LNG in Texas and recent supply disruptions contributed to increased market interest and volatility.Upside levels will be valid, first target would be 191.3 if sustain above 181.7
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.