SIGNAL REMINDER – NATURAL GAS LONG
CA analysts would like to remind of the report on the possible growth in the price of natural gas from November 6. At the same time, one analysis of the growth in price is already running, but the price is still very attractive. This week, analysts expect a further reduction in inventories, which could have a positive impact on further price developments.
ORIGINAL TEXT: Natural Gas Long. The natural gas contract has reached an important level of support, which will decide on the further development of this commodity for next week. Support formed by the main trend line since June this year with strong support that could push the market back to high ground. Yesterday’s inventory statistics showed a decline in inventories, but as expected.
Chart source: WebTrader