Natural Gas: A break below $2.97 would prompt additional selling – TDS
Source Fxstreet
Commodity Trading Advisors (CTAs) are sellers once again in Henry Hub Natural Gas, TDS analysts note.
Natural gas fails to move above $3.50
“As expected, the market was prone to an easing of the momentum flows as prices failed to move above the $3.50/MMBtu level that was required to see continued buying pressure.”
“CTAs are now rebuilding their short positions, and a break below $2.97/MMBtu would prompt additional selling.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Nvidia 2026 Shareholder Meeting Preview: Can Stock Price Hit New Highs? How Blackwell, Vera Production Ramps Will Determine Future Revenue?This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V
This Wednesday (June 24), NVIDIA (NVDA) will hold its 2026 annual meeting of stockholders online. The focus of this meeting will be the production ramp-up of Blackwell and the brand-new V
Morgan Stanley’s Latest Assessment: Three Variables for Gold’s Rise to $5,200 — Hawkish Fed, ETF Flows, and Middle East TurmoilMorgan Stanley ( MS )'s latest precious metals research report shows that while continuous gold purchases by global central banks have provided a solid floor of support, gold ( XAUUSD )'s
Morgan Stanley ( MS )'s latest precious metals research report shows that while continuous gold purchases by global central banks have provided a solid floor of support, gold ( XAUUSD )'s
The US-Iran peace talks took place on Sunday in Bürgenstock, Switzerland, with delegations from Iran, the United States, Qatar, and Pakistan participating.
Silver price (XAG/USD) halts its three-day losing streak, trading around $65.90 per troy ounce during the Asian hours on Monday.
WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the keyWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.
