Natural Gas prices are increasing by around 1% on Tuesday, paring back partial losses from Monday. The upward move is due to the announcement that US
Natural Gas prices are paring back losses from Monday. The US Dollar trades sideways, in the middle of October’s price range. US Natural Gas prices are increasing on Middle East tensions despite weak demand . President Joe Biden will visit Israel in a push for a diplomatic solution amid the escalating tensions between Israel and Palestine.
With the firm peak and breakthrough out of the trend channel, it will be crucial that the upper band of that same trend channel acts as support. There aren’t any significant resistance levels except for $3.65, the peak of January 17. From there, the high of 2023 near $4.3080 comes into play. On the downside, the trend channel needs to act as support near $3.30. In case this level breaks down again, Natural Gas prices could sink to $.3.
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