#XNGUSD | Naturalgas update -19 Feb
Updated
🔸Timeframe: 4 hour
🔸Strategy: Bearish then Bullish
🔸XNGUSD expected trade above1.648, if sustain above it we can see further higher.
Rejection near 1.85 - 1.8
🔸US natural gas futures hit 1.55/MMBtu, lowest since June 2020, driven by high production, 🔸storage, mild weather, and Freeport LNG's export issues.
Winter's warmth increased inventories 15.9%.
Note
as mentioned market went upside
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