Dollar and Oil Trends Shift as Geopolitics Weighs on Markets

Natural gas prices are in a downtrend on the EEX market, with bears maintaining control despite a slight trend line break. The current weekly chart shows key support levels at 2.4 and 2.6. This is according to ArcadiaTrading's analysis of the commodity.

Meanwhile, oil has moved into a neutral trend after breaking a higher low pivot. Geopolitical tensions are weighing on the market, but a 'shallow pullback' could help maintain bullish momentum.

The US dollar continues to trade within a long-term megaphone pattern, with 2027 rate cut probabilities being closely watched. The upcoming FOMC meeting is also expected to have an impact on the dollar's performance.