LendingTree's 15min chart triggers Bollinger Bands expansion, bullish Marubozu formation observed.

According to LendingTree's 15-minute chart, the recent price action has triggered an upward expansion of Bollinger Bands and a bullish Marubozu candle formation on October 3rd, 2023 at 10:45 AM. This indicates that the market trend is being driven by strong buying interest, and it is likely that buyers will continue to exert control over the market. Given the prevailing bullish momentum, it is likely that this trend will persist in the near future.

Shell-led LNG Canada has initiated the process to start up its second liquefied natural gas (LNG) processing unit, Train 2, in Kitimat, British Columbia Shell-led LNG Canada prepares to start Train 2^[1]. The facility, which has been operating below capacity, continues to face technical issues with its first unit, Train 1. Despite these challenges, LNG Canada reported ongoing export activity and ended flaring on September 11 Shell-led LNG Canada prepares to start Train 2^[1].

The facility's slow ramp-up has contributed to record lows in natural gas prices. In September, exports fell compared to August, with only four cargoes leaving the port for a total of just under 0.3 million metric tons Shell-led LNG Canada prepares to start Train 2^[1]. When fully operational, LNG Canada is expected to convert about 2 billion cubic feet of gas per day to LNG, potentially boosting Canadian natural gas prices.

LNG Canada is a joint venture between Shell, Petronas, PetroChina, Mitsubishi Corp, and KOGAS. The facility is the first major LNG export facility in Canada and the first on the west coast of North America with direct access to Asia, the world's largest LNG market Shell-led LNG Canada prepares to start Train 2^[1].