Natural Gas price slides in tight supply market

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Natural Gas falls slightly in European trading hours as US markets are closed for Labor Day. Substantial declines aren’t expected as European gas supp

ly is under pressure. Over the weekend, supply from three Norwegian gas fields was halted, sending Norwegian gas exports to the EU to its lowest level since 2015.

Japan’s spot power price climbed 5.5% for the week as bad weather hurts the solar-power supply and puts higher pressure on LNG supplies. Reports of regional costs soaring on LNG supply are being factored into the price as well. On the upside, $3 is the level to watch after the double top formation from Friday and Thursday. Just above there, the 200-day Simple Moving Average is present as a cap and has not been tested in the past few months. Keep an eye on $3.03 before targeting $3.18 and testing the upper side of the trend channel.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 14. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Natural Gas Price News: XNG/USD drops more than 2.0% below $3.00 on energy market consolidationNatural Gas Price (XNG/USD) began Monday’s trading with a downside gap and printed the biggest daily loss in three weeks so far even as the energy ins
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »