From Investing.com: 2024-12-31 02:51:00

Natural gas prices surged due to uncertainty over Russian gas supplies to Europe, driven by delays in transit deal signing. Inventory data showed a smaller withdrawal, adding to bullish sentiment. However, overbought conditions may lead to bearish pressures. Trump’s inauguration could impact energy policies, influencing market direction and volatility.

Technical analysis shows resistance near $3.869, with 200 DMA as a critical hurdle. Daily charts highlight $3.948 as key resistance, with support at $3.599 and $3.343. Immediate resistance at $4, secondary at $4.202. Failure to sustain above $4.202 could trigger a steep decline in prices. Readers advised to trade at own risk.



Read more at Investing.com: Natural Gas: Futile Attempts to Sustain Above $4 Could Keep Bears on Top