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
Natural Gas prices extend rally on rumors of Russia displacing borders in Baltic Sea. Unforeseen Norwegian outage adds to concerns for European refueling. The US Dollar Index enters a volatility patch with a bulk release of data points set to this Thursday. Natural Gas price 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.
Natural Gas Technical Analysis: Take the money and run Natural Gas is set to become the best performer for this year in terms of returns considering from its lowest level to where it is trading this week. With a very crucial pivotal level ahead, the question now is if it is not the right time to take some profit and re-enter once the pivotal level near $3.07 snaps. Should the recent concerns on the geopolitical front with Russia become reality soon, another 20% could be added towards $3.
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