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Commodities

Natural Gas Downtrend Continues Amid Oil Price Volatility

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Oil Natural Gas
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The natural gas market is experiencing a downtrend, with bears remaining in control despite a slight trend line break. According to ArcadiaTrading, key support levels for NG are identified at $2.4 and $2.6.

In the oil market, oil has moved into a neutral trend after breaking a higher low pivot, which is significant given geopolitical tensions. A 'shallow pullback' is seen as essential to maintain bullish momentum.

The US dollar continues to trade within a long-term megaphone pattern, with 2027 rate cut probabilities and the upcoming FOMC meeting impact being analyzed.

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