#NATURALGAS || 3rd Jan || Intraday setup || MCX- Indian market

🔸Timeframe: 4 hour
🔸Strategy: Long

🔸Anticipating a breakout in natural gas above 222, targeting a move to 233 within the week.
🔸October 2023 marked the 30th consecutive monthly increase in US dry natural gas production.
🔸Production levels reached 104.5 billion cubic feet per day during this period.
🔸Estimated natural gas consumption experienced a 3.3% year-over-year increase, reaching 78.7 Bcf/d.
🔸The US maintained its position as a net natural gas exporter, with LNG exports growing by 23.9%.