Natural gas prices reach 56 week high

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Natural Gas price has seen significant increase in price. In the last two weeks Nat gas prices rose by more than 30%.

Upcoming winter season could bring higher demand in the energy market, if weather conditions in the northern hemisphere bring colder temperatures during this season.

The 200-hour, 100-hour, and 50-hour simple moving averages on the 4-hour time frame suggest that demand is currently elevated, as the price is trading above all these moving averages. Additionally, the daily pattern indicates that the cup-and-handle formation may be confirmed, potentially leading to further price discovery.

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