wealthgenerator89

Natural Gas support resistance level.

Short
NYMEX_DL:NG1!   Natural Gas Futures
Natural gas crashed and touched the lower boundary symmetrical triangle. if it brak that then market will head toward next support level at 1.59 and if it further correct will hard toward multi year low 1.52 level.

The reason for correction is possible increase in the natural gas inventory by 80 BCF where the five year average natural gas inventory increas for this wekk is 50 BCF
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.