From Investing.com: 2024-09-10 06:56:00

Natural gas prices facing pressure from weak demand in Asia and reduced energy consumption in the US and Europe. Looming tropical storm Francine could disrupt US gas supply, potentially becoming a hurricane. Colder weather in Europe may boost prices as demand increases. US storage levels below average, but potential price increases tempered by high gas stock. US gas demand from power sector set to increase, supporting upward price trend. Technical analysis shows resistance levels at $3 and potential rally with breakthrough at $2.80 EMA. Bearish scenario could see prices drop to $1.50.



Read more at Investing.com: Natural Gas: Winter’s Approach, Storm Threat May Push Prices Toward $2.25 Barrier