The natural gas markets originally attempted to rebound during Wednesday’s trading session, but the 200-day exponential moving average (EMA) proved too difficult to surpass.
Tuesday’s trading session witnessed a modest increase in natural gas prices as the 50-day exponential moving average (EMA) was surpassed.
Monday’s natural gas market activity was little, as we continue to loiter around the 50-day exponential moving average (EMA).
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The natural gas market gapped slightly lower during Monday’s trading session, as it appears we are about to test the important $6.50 level.
During Thursday’s trading session, the natural gas markets reached the bottom of the broad consolidation range we have been in.
Natural gas prices reached new heights. The South is anticipated to have above-average temperatures. The amount of U.S. natural gas coming at LNG facilities remains rising. On Monday, natural gas prices skyrocketed, surpassing 13-year closing highs.
Natural gas prices continued to rise beyond $9. In the eastern United States, above-average temperatures are anticipated. The stockpile of natural gas increased over the previous week.