Natural Gas Downtrend Continues Amid Oil Price Volatility
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.