Natural gas falls as Middle East ceasefire talks progressNatural gas falls as Middle East ceasefire talks progress
On Friday the Natural Price decreased by almost -4.5%
This was related to fears that weaker demand from major NG importers could weigh on market sentiment.
Investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks.
NG was also followed by a drop in oil prices. We didn't have a different move on fuel prices as we are used to when Oil and NG move in different directions. News about the ceasefire in the Middle East is supporting the decrease in fuel prices
NG may rise slightly for a small correction before it moves down more up 2.00 and lower as shown on the chart
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️