#NaturalGas Update | 20Mar | MCX
Timeframe: 1Hour
Strategy: Long
Technically
Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move.
As per the news
Strategy: Long
Technically
Natural gas price is forming a triangle pattern, suggesting a potential breakout. Traders watch for a decisive move.
As per the news
- Natural gas prices surged as colder US weather forecasts increased heating demand.
- Shutdown of a Texas LNG terminal unit limited exports, while lower US electricity output dampened demand.
- Weekly EIA reports showed a smaller-than-expected decline in inventories, indicating ample supplies.
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