Natural Gas: Will Price Spike Continue Amid Fast-Shifting Geopolitical Outlook?
From Investing.com: 2024-11-19 00:53:00
Natural gas futures are still under selling pressure, influenced by Trump’s possible return and the Ukraine-Russia conflict. Technical indicators suggest range-bound movements amidst tension. Despite a 3% jump, futures struggle to hold support at $2.291. A bullish crossover may push prices to test $3.093. Weekly charts show selling pressure continuing below $3.093. In the 1 Hr. Chart, $2.294 is an immediate resistance, with 200 DMA at $2.814 offering a long opportunity. Volatility may keep futures in bearish territory below $3.093.
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