#XNGUSD | Naturalgas update -19 Feb

🔸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%.

Kommentera:

as mentioned market went upside