All articles tagged with #financeenergy
Crude oil prices drop as Federal Reserve officials debate the timing of interest rate cuts, with expectations being pushed back. The market interprets this as potentially impacting growth and demand, leading to a drop in oil prices. Analysts suggest that demand could surprise to the upside this year, while OPEC+ may be reluctant to scale back production cuts unless oil prices reach around $90 a barrel.
The natural gas market continues to struggle to find stability, with the possibility of reaching the $1.50 level as a potential bottom. Oversold conditions and an oversupply of natural gas from the United States are contributing to the market's challenges, with the winter's mild temperatures exacerbating the situation. Traders are cautious about entering the market at this point, and the focus remains on finding signs of stabilization before considering any potential buying opportunities.
The natural gas market continues to exhibit volatile behavior, with the possibility of prices dropping to $1.50. The lackluster winter has not helped the situation, and short-term traders may consider playing a potential bounce. However, the market is currently deemed as dead money, and a basing pattern on a weekly chart is awaited before considering a long position. The prospect of natural gas reaching zero is deemed unlikely, with potential for value hunters to enter the market eventually.
Natural gas has rallied but faces resistance at $3.33, driven by a storm in the Northeastern US. The market is thin and prone to exaggerated moves due to major players. Futures markets are pricing in February and March, signaling a drop in demand as temperatures rise. Short-term trading opportunities may arise, but the long-term outlook remains bearish due to oversupply. The analyst is waiting for signs of exhaustion to start shorting, with a projected range of $2 to $3.33.