Natural Gas (NG) Reclaims Key 2.5 Level Ahead of Storage

Natural Gas (NG) is trying to halt the deep slide since September, with odds elevated and rising for a strong bounce off downchannel support (on the weekly chart) and the February low following Thursday’s highly anticipated weekly storage data. Any break above downtrend resistance (on the 4hr chart) post-storage would dramatically increase the likelihood of a retest of the psychologically key 3 whole figure level in the week after…

Coffee Daily Feb 10, 2023

Arabica Coffee (KC) slid another 1% plus yesterday, edging further below a month long upchannel support (on the daily chart). Nevertheless, KC appears close to halting the healthy profittaking (from last week’s February high), with any further consolidation going into early next week likely to find support at the psychologically key 1.70 whole figure level…