![]() Nonetheless, it’s imperative to approach this market from an investor’s standpoint rather than a short-term trading mentality. These dynamics, in conjunction with the cyclicality intrinsic to the natural gas market, point to a sustained upward trajectory over the long haul. As a response, the EU is likely to turn to the United States for liquefied natural gas, further influencing the dynamics of supply and demand. The EU confronts substantial supply challenges for the upcoming winter, a situation poised to reverberate through natural gas contracts. ![]() Moving beyond the technical aspects, a broader perspective reveals the European Union’s prominence as a major natural gas consumer. In typical circumstances, this scenario could potentially trigger a more profound ascent toward the 200-Day EMA over time, and perhaps even set its sights on the $5.00 level. In the event of a reversal, marked by a breach below the 50-Day EMA, the market might find support around the $2.50 level, which has historically proven resilient. Yet, it’s imperative to remember that futures trading carries complexities, and leveraged positions can amplify both gains and losses, warranting cautious steps. In the larger picture, there is a compelling argument for the influence of cooler weather on natural gas prices. Despite a minor pullback during Thursday’s session, it underscores the market’s ongoing contemplation of its capacity to muster enough momentum. Zooming in on the $3.00 threshold, we encounter a noteworthy psychological marker and an area that has previously acted as a resistance level.
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