Natural gas saw continued heavy selling today off the inventory report.
Inventories came in at 80B which is 4Billion higher than the estimate.
This is showing a little bit less of demand pull.
The Weekly 200 MA was the technical rejection zone for Nat Gas.
We will be live trading Nat Gas tomorrow if we see another sell day in the commodity.
I'm watching for a liquidity sweep of the daily 200 MA.
Nat Gas Bulls need to defend the 20 MA at minimum.
Inventories came in at 80B which is 4Billion higher than the estimate.
This is showing a little bit less of demand pull.
The Weekly 200 MA was the technical rejection zone for Nat Gas.
We will be live trading Nat Gas tomorrow if we see another sell day in the commodity.
I'm watching for a liquidity sweep of the daily 200 MA.
Nat Gas Bulls need to defend the 20 MA at minimum.
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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.