Oil and natural gas prices are climbing rapidly, fuelled by renewed geopolitical tensions that threaten supply stability. Investors are watching closely as crude and gas markets react to potential disruptions, with early Asian trading already reflecting a sharp uptick in prices.
Natural gas is maintaining its strength at $4.19, edging up 0.05% as traders assess the next move. The key level to watch is $4.17—holding above it keeps bullish momentum alive, while a drop below could open the door to declines towards $3.96 and even $3.75. On the upside, $4.33 is the immediate resistance level. A decisive break beyond this point could drive prices toward $4.67, where stronger resistance awaits. The 50-day EMA at $4.16 is acting as a support level, reinforcing the bullish sentiment, while the 200-day EMA at $4.11 signals that the broader uptrend remains intact.
For now, natural gas remains bullish above $4.17, but market volatility is a strong possibility if sellers step in. Investors should prepare for potential price swings as geopolitical uncertainties continue to shape the energy landscape.
Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
