The crisisin Ukraine has had a sharp, upward impact on global energy prices. With theworld already battling with the difficulties stemming from higher energyprices, the squeeze on consumers and businesses and the uptick in inflation,these effects are coming at a very tricky time.
NaturalGas prices are steadily climbing again, sparking fears of a return to the high pricesseen last year. Global governments are caught in a very difficult situation asthey try to manage their response to the Russian invasion and their energyneeds. With the US now reportedly considering a ban on Russian oil and gasimports, the outlook for natural gas is firmly bullish here.
TechnicalViews
NaturalGas
Withprice having now broken above the bearish trend line from ATH and the recent withboth MACD and RSI firmly bullish, the focus is on a continuation higher. Lookfor a break of the 5.204 level, targeting a move to 5.437 initially and 5.881thereafter.
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With 10 years of experience as a private trader and professional market analyst under his belt, James has carved out an impressive industry reputation. Able to both dissect and explain the key fundamental developments in the market, he communicates their importance and relevance in a succinct and straight forward manner.