NATURAL GAS EXPECTED HIGH VOLATILITY WITH BULLISH TENDENCIES
The ongoing conflict in the Middle East involving Israel, Hamas, and Iran, is having a potential impact on global energy markets. The conflict is complex, with deep-rooted historical and political dimensions, and has the potential to escalate, affecting regional stability. Geopolitical tensions in oil-producing regions can disrupt global energy markets, leading to price spikes and volatility in oil and gas prices. US energy policies, including decisions on domestic oil production and international relations with oil-producing nations, can influence global energy markets as well. That situation creates conditions for high volatility in the natural gas prices, with more tendency to bullish outcome.
If the bullish tendencies continue, the price might reach its resistance level at 3.394. In the opposite scenario, the price might revert to 3.271.
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If the bullish tendencies continue, the price might reach its resistance level at 3.394. In the opposite scenario, the price might revert to 3.271.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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