Natural Gas (XNG/USD) retreats from its last week’s peaks near $2.03 after tensions were nearly spill over between Israel and Iran in a direct confrontation.
Natural Gas price retreats on Monday on Iran’s communication. Iran'S foreign ministry said nuclear weapons have no place in Iran’s nuclear doctrine. The US Dollar Index eases with markets favoring risk assets over safe havens and cash. Natural Gas retreats from its last week’s peaks near $2.03 after tensions were nearly spill over between Israel and Iran in a direct confrontation.
Meanwhile, the recent uptrend since February keeps holding and could spark up at any moment if tensions in the Middle East flare up. While Europe is restocking for the next heating season, no big sell-off is expected in Gas prices with the supportive demand throughout the summer period from Europe. On the upside, the blue line at $2.11, the 2023 low, is the level to watch. Next, the 100-day Simple Moving Average at $2.12 becomes the main resistance level.
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 breaks higher after Russia attacks Ukraine gas facilitiesNatural Gas (XNG/USD) trades higher on Tuesday after attacks between Ukraine and Russia, targeting both Gas and Oil storage facilities, intensified over the weekend.
Read more »
The natural gas smell everyone is talking about helped Tuscarawas County restaurant find a gas leakReporter at News 5 Cleveland
Read more »
Natural gas odor in Northeast Ohio caused by an overabundance of odorant, Columbia Gas saysDigital content producer at News 5
Read more »
One of Natural Wine’s Biggest Advocates Isn’t Into Natural Wine Anymore—Here’s Why.Patrick Cappiello, one of natural wine's biggest advocates, has announced that he will be filtering his wines and adding sulfur to them.
Read more »
Trade Volume Between Türkiye and Israel Declines SignificantlyThe trade volume between Türkiye and Israel has declined significantly since Israel's invasion of Gaza began last year, data from the Turkish Trade Ministry suggests. From October 7 to March 20 this year, the total Türkiye-Israel trade volume fell by nearly 33 percent, according to information compiled by the Figures sourced from the Trade Ministry and compiled by Anadolu reveal a substantial 33 percent decrease in Türkiye's trade interaction with Israel from October 7, 2023, to March 20, 2024. Meanwhile, Türkiye's exports to Israel fell 30 percent, while its imports decreased by 43.4 percent. Turkish nationals and companies have been gradually cancelling sales and orders with Israel, while trade is mostly with private firms, including some international ones, rather than state enterprises. Goods sent from Türkiye to Palestine pass through Israel and its customs gates due to Palestine's lack of its own customs facilities. Goods destined for Palestine are required to be labelled for Israel or include the phrase "via Israel." In addition, Israel does not recognise legal relations between Palestine and third countries, while it refuses to allow commercial transactions through the Rafah Border Crossing with Egypt. As a result, trade between third countries and Palestine is logged overwhelmingly as trade with Israel in data reflected in national statistics.
Read more »
Natural Gas steadies as US mulls fresh sanctions on IranNatural Gas (XNG/USD) trades flat in a narrow range on Wednesday, digesting the overnight headlines that came out about lingering tensions in the Middle East.
Read more »