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Instrument: NATGAS
Bullish Preference:
Buy position is envisaged if price trades above 2.887 with take profit at 2.914
Bearish Preference:
Sell position is envisaged if price trades below 2.824 with take profit at 2.784
Fundamentals:
2:45pm
USD
Flash Services PMI
Flash Manufacturing PMI
Comment:
An Australian union alliance on Friday called off strikes at Chevron (NYSE:CVX)’s two major local liquefied natural gas (LNG) projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies.
The union alliance and Chevron accepted proposals on pay and conditions from the country’s industrial arbitrator for the Gorgon and Wheatstone LNG facilities, and workers suspended strikes that began two weeks ago.
Analysis: SCRUM Team
