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2025-08-08 11:06:00 admin

Natural Gas Price Prediction: Key Support Holds as Bullish Reversal Signals Potential Rally Ahead

Confluence of long-term support and three-day reversal signal potential shift in sentiment in support of the bulls.Natural gas continues to show signs of strength following Wednesday’s bullish three-day reversal trigger. The pattern remains intact, and Thursday’s price action reinforces the developing bullish structure. The day’s low of $3.04 marked a successful test of support at a short-term downtrend line that had previously functioned as resistance. That level held firm, supporting the case

2025-08-04 19:08:00 admin

OPEC+ Boosts Oil Output by 547,000 bpd as Crude Prices Approach Critical $64.90 Support Level – Market Analysis & Price Forecast

Key Points:Crude oil futures broke below $67.31, triggering a bearish signal with downside targets near $65.38 and $64.08.OPEC+ confirmed a 547,000 bpd output hike for September, effectively reversing its 2.5 million bpd production cut.Goldman Sachs sees only 1.7 million bpd in actual OPEC+ supply growth due to offsetting cuts from overproducers.Crude Oil Drops as OPEC+ Output Hike and Geopolitical Tensions Weigh on SentimentDaily Light Crude Oil FuturesLight crude oil futures opened lower Monda

2025-08-04 16:57:00 admin

US Dollar Plummets After Weak Jobs Data: GBP/USD and EUR/USD Surge – Latest Forex Analysis & Trends

Key Points:US Dollar Index falls 1.5% after July’s NFP report misses forecasts with only 73K jobs added, fueling rate cut bets.Traders now price in 63 bps of Fed rate cuts by year-end as unemployment ticks up to 4.2%, pressuring the dollar.Trump fires BLS chief, blaming historic job data errors, stoking fears of political influence on key institutions.Market OverviewDuring Monday’s Asian session, the US Dollar Index (DXY) hovered around 98.60, stabilizing after a sharp 1.5% decline on Friday. Th

2025-08-01 16:36:00 admin

U.S. Personal Income and Spending Rise in June: What It Means for Fed Rate Decisions and Inflation Outlook

Key Points:U.S. personal income rose $71.4B in June, with disposable income up 0.3%, fueled by wages and social benefits.Consumer spending climbed $69.9B, with solid gains in both goods and services, signaling broad consumption strength.The report signals no signs of consumer stress, supporting a soft-landing scenario and steady demand outlook.Income Growth Steady as Compensation and Transfers IncreasePersonal income in the U.S. rose by 0.3% in June, a $71.4 billion increase, according to the Bu

2025-06-06 15:41:00 admin

Natural Gas and Oil Price Surge: How Geopolitical Tensions Drive Gains Amid Key Resistance Levels

Key Points:WTI crude gained nearly 4% this week, its first in three, fueled by rising demand and supply disruption concerns.Canadian wildfires disrupted 7% of oil output, adding temporary pressure to global supply expectations.OPEC+ may boost production by 400K+ barrels/day in August, potentially capping further price upside.Market OverviewWTI crude futures hovered near $63.06 on Friday, up nearly 4% for the week, marking their first weekly gain in three as seasonal demand and geopolitical tensi

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