Natral gas buy opportunity
Thursday EIA inventory report showed that inventories rose by 102 bcf. That is eleventh consecutive week that inventories are above their 5 year average. That pushed prices down to test previous support and making double bottom structure. Chart structure is good for bounce and signalling some gains for long positions.
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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.