Natural Gas Price Analysis: XNG/USD recaptures $2.60 within six-week-old bearish channel – by anilpanchal7 Gas Technical Analysis Energy Commodities ChartPatterns
doing so, the XNG/USD extends the previous day’s recovery from the lowest level in three weeks while staying within a 1.5-month-long descending trend channel.
Even so, the previous support line from early June guards the immediate recovery of the XNG/USD near $2.64. It’s worth noting, however, that the XNG/USD bulls must defy the bearish channel by crossing the $2.75 hurdle to restore the market’s confidence. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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.
Natural Gas Price Analysis: XNG/USD sellers challenge two-month-old triangle, focus on $2.59Natural Gas Price Analysis: XNG/USD sellers challenge two-month-old triangle, focus on $2.59 – by anilpanchal7 Gas Commodities Energy Technical Analysis ChartPatterns
Read more »
Israel's energy minister favors more natural gas exportsIsrael's energy minister said on Wednesday that more of the country's natural gas reserves should be earmarked for export, amid renewed interest in offshore exploration and debate on whether the gas should be kept for domestic use.
Read more »
Natural Gas Futures: Further weakness remains in storeCME Group’s flash data for natural gas futures markets noted traders added nearly 18K contracts to their open interest positions on Tuesday. In the sa
Read more »
Letter: Natural gas can be the backbone of Utah’s power gridAmerica continues to grapple with how to achieve energy security and environmental progress. Utah is at the heart of that challenge, as discussed in “The West’s electric grid is stretched, and extreme events could knock the lights out” (June 29).
Read more »
Energy Transfer reports lower Q2 earnings, weighed by natural gas pricesU.S. midstream company Energy Transfer on Wednesday reported lower earnings for the second quarter despite higher transport volumes in most energy product segments versus a year ago.
Read more »
Saudi Arabia, Kuwait reaffirm rights to natural resources in Durra gas field -Saudi ministrySaudi Arabia and Kuwait reaffirmed that they jointly own rights to natural resources in the Gulf's Durra gas field, Saudi state news agency SPA reported early on Thursday, citing a statement from the Saudi foreign ministry.
Read more »