Natural gas price resumes the rise

Natural gas price succeeded to surpass 3.210 barrier recently, to resume its bullish rally caused by its consolidation within the bullish channel that appears on the chart.

Also, stochastic attempt to crawl towards the overbought areas will increase the chances of forming strong bullish rally soon, expecting to target many positive levels that start at 3.410 followed by reaching 61.8% Fibonacci correction level at 3.590.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin

More articles like this

Natural gas futures rise for 7th straight day

Natural gas futures price traded higher for the seventh successive day on short-covering of positions by participants as seen by the open interest. The gas price had risen 1 percent yesterday on the NYMEX. The energy commodity extended

Global natural gas prices continue to soar

Liquefied natural gas (LNG) prices are up around the world, driven by demand in China and across Asia, which is helping push benchmark prices in Europe to decade-plus highs as well, noted a report by Al Attiyah Foundation.

Record natural gas prices

A scramble for natural gas is creating pockets of scarcity in the global market, boosting prices for the fuel and for the electricity generated by burning it. Rampant demand in China is sucking in chilled cargoes of gas

Natural gas gains on strong demand

Nat Gas yesterday settled up by 1.91% at 277.5 on strong demand for US exports of liquified natural gas as global gas continues to trade more than three times above US prices. Meantime, forecasts point to slightly milder weather and

Natural gas: Scope for extra gains

In light of preliminary readings from CME Group for natural gas futures markets, open interest rose for the third consecutive session on Friday, this time by nearly 6.5K contracts. In the same line, volume reversed the previous drop

Natural gas futures rally

Rising cooling demand expectations in recent weather model runs had natural gas futures rebounding sharply in early trading Tuesday. The July Nymex contract was up 9.2 cents to $3.162/MMBtu at around 8:50 a.m. After settling 2.7 cents lower

The role of natural gas within the energy transition

Energy is essential to quality of life for billions of people. It lights, heats and cools homes and businesses. It transports and connects people, goods and services. It goes hand-in-hand with economic activity, enabling opportunities for a growing

Natural gas futures rebound likely near-term

CME Group’s advanced figures for Natural Gas futures markets noted open interest extended the choppy activity and dropped by around 7.1K contracts on Monday. In the same line, volume shrunk for the fifth session in a row, this