Natural Gas price (XNG/USD) trades higher on Tuesday, nearing a fresh yearly high, as Europe discusses ways of keeping flows via Ukraine alive next year and amid increasing supply from Norway.
Natural Gas price shows no signs of fatigue and resides near the high of 2024. Brussels is discussing keeping Gas flows from Russia open for next year. The US Dollar Index resides near 105.00 ahead of Wednesday’s CPI and Fed meeting. Natural Gas price trades higher on Tuesday, nearing a fresh yearly high, as Europe discusses ways of keeping flows via Ukraine alive next year and amid increasing supply from Norway. .
The pivotal level near $3.07 remains key as prices failed to post a daily close above it. Add the red descending trend line coming in at $3.12, which would slam down any attempts to jump higher. Further up, the fresh year-to-date high at $3.16 is the level to beat. On the downside, the 200-day Simple Moving Average acts as the first support near $2.53. Should that support area fail to hold, the next target could be the pivotal level near $2.14, with interim support by the 55-day SMA near $2.34.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Natural Gas extends rally with geopolitical turmoil picking up again.Natural Gas price (XNG/USD) has added another piece to its staggering performance for this year. Since the low of February 24th at $1.6290, gas prices have rallied near 90% to $3.08 on Wednesday. The recent surge comes after Russia communicated that
Read more »
Natural Gas extends rally to four-month high as China expands LNG fleetNatural Gas price (XNG/USD) is steamrolling on Thursday, reaching the highest level in four months and breaking another important technical level on more headlines that China is cornering the Gas markets.
Read more »
Natural Gas faces the end of its rally with more downside outlookNatural Gas price (XNG/USD) has given traders a nice run, rallying 40% since the end of March. This movement partially came on the back of Israel and its continuing attacks on Gaza.
Read more »
Our only energy stock has more room to run as natural gas prices surgeThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Read more »
A Sustainable Solution to Fighting Global Warming – New Catalyst Efficiently Converts CO2 to Natural GasScience, Space and Technology News 2024
Read more »
The United States must remain a global leader in oil and natural gas productionWith the right policies, we can help satisfy the growing demand for energy, spur economic growth and strengthen national security.
Read more »