Natural Gas prices under pressure this week, correcting from last week’s huge rally. The US Dollar trades mixed, torn between Israel-Hamas war safe-h
aven flows and rising US Treasury yields. Natural Gas prices are still in a long-term uptrend, favourable winter season will still bring more upside. Natural Gas prices are correcting lower this week as gas supply in Europe has been above average, despite the closure of the import Israel gas flow via Egypt. With the European gas tanks filled up to the brim, the EU bloc looks ready to face the first period of cold temperatures ahead of winter.
Prices are expected to broadly ease until temperatures start to drop and risk premiums will be factored in due to tensions in the Middle-East during the winter period, when demand is expected to surge. Expect with geopolitical headlines severe upswings could always materialise. There aren’t any significant resistance levels except for $3.65, the peak of January 17. From there, the high of 2023 near $4.3080 comes into play. On the downside, the trend channel failed to act as support near $3.37.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets head for lower open as Middle East and data weigh on sentimentEuropean markets are heading for a lower open Thursday as investors weigh up the impact of the continuing crisis in the Middle East, earnings and economic data.
Read more »
European markets head for lower open as Middle East and data weigh on sentimentEuropean markets are heading for a lower open Thursday as investors weigh up the impact of the continuing crisis in the Middle East, earnings and economic data.
Read more »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices.
Read more »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices. But don’t expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say.
Read more »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices
Read more »
Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise pricesFifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices.
Read more »