2:33 PM · 15 September 2022

NATGAS price fell after EIA report

The US Energy Information Administration reported today that domestic supplies of natural gas increased by 77 billion cubic feet for the week ended September 9 from 54 bcf in the previous week, above analysts’ estimates of 73 billion cubic feet.

NATGAS price fell after today’s release after EIA report and is approaching support at 8.31,which coincides with 61.8% Fibonacci retracement of the last upward move. Source: xStation5

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