Gas prices are selling off – ING
Source Fxstreet
European natural gas prices continue to sell off, with Title Transfer Facility (TTF) falling 3.89% yesterday, ING's commodity experts Ewa Manthey and Warren Patterson note.
EU storage continues to build
"It traded down to a seven-week low. De-escalation in the Middle East might ease concerns over potential LNG supply disruptions. Meanwhile, EU storage continues to build with it currently standing at 57% full, down from 76% at the same stage last year."
"This is similar to 2022 levels. The market remains finely balanced, so we expect further downside in prices to be limited in the short to medium term."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Silver price (XAG/USD) edges lower after registering gains in the previous two sessions, trading around $36.50 per troy ounce during the Asian hours on Friday.
Gold price (XAU/USD) attracts fresh sellers following the previous day's directionless price move and slides back below the $3,300 mark during the Asian session on Friday.
Ethereum (ETH) is down 1% in early trading hours on Friday, as market activity remains cautious following low realized profit and loss, along with steady open interest.
Ethereum price started a fresh increase above the $2,450 zone. ETH is now correcting gains from $2,520 and might slip to test the $2,320 zone. Ethereum started a fresh upward move above the $2,350
