Natural Gas prices are facing issues again, with the rising US yields as the biggest threat on the horizon. US rates soared over 20 basis points in the US 10-year benchmark rate last week, while other major economies are seeing their central banks on the way to cut or have cut already. This rate differential weighs on the US against the rest of the world, and it could mean a slowdown is taking place: Even if the US economy is outperforming, higher rates will start to cut growth and this means less demand for Natural Gas.
On the upside, the key $1.97 level needs to be regained before challenging last week’s peak at $2.00. The next key mark is the historic pivotal point at $2.13. Should Gas prices pop up in that region, a broad area opens up with the first cap at the red descending trend line near $2.21
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