Financeenergy Markets News

The latest financeenergy markets stories, each synthesized from multiple sources with added background and context.

"Natural Gas Prices Rise on Light EIA Withdrawal Expectations"

The natural gas market continues to face selling pressure, with a potential short-covering rally on the horizon due to the market being oversold. With winter ending in North America, any potential rally may be short-lived, and caution is advised for investors. The current low prices, despite Russia's reduced gas supply to most countries, are attributed to the surplus of liquefied natural gas from the United States. A cautious approach is recommended, with a potential rally to the $2 level signaling a range-bound play.

2 years ago•Source: FX Empire

"Natural Gas Prices: Forecasting New Lows and Persistent Challenges"

financeenergy-markets

1.86 min•2 years ago

"Natural Gas Prices: Forecasting New Lows and Persistent Challenges"

Natural gas prices are expected to continue falling, with a bearish trend triggered by a drop below 2.00. The strong downward momentum suggests a potential further decline below 1.95, with initial targets around 1.80 and potentially 1.61/1.60. Despite the extended downside, a bullish reversal would require a rise above 2.17.

via FX Empire