Natural gas prices broke out on Friday as cold weather is expected to cover most of the United States for the next 10-days. The late-season cooling demand comes when risk appetites for commodity products have exploded. Natural gas in Europe hit an all-time high on Friday, rising above €200 per megawatt. Natural gas prices surged higher, rising by 12% for the week.
MCX Natural Gas Gann Angle Chart
Natural gas price is back to gann angle support zone.
MCX Natural Gas Plannetary Support and Resistace Line
Price has reacted from Mars Plannetary Line heading lower towards 412
MCX Natural Gas Harmonic Analysis
Price heading towards 412 till holding 366