NATGAS hits 7 weeks high

NATGAS hits 7 weeks high

NATGAS hits 7 weeks high

Riskier assets rallied this week as investors appeared to shrug off geopolitical and economic uncertainties, denting demand for the safe-haven dollar. Meanwhile, Chicago Fed President Charles Evans was the latest Fed official to signal readiness for moving more aggressively, saying Thursday he’s “comfortable” with raising rates in quarter-point increments while being “open” to a 50 basis-point increase if needed. This followed similar remarks from his colleagues, including from Fed Chair Jerome Powell who opened the door for raising rates by more than 25 basis points at upcoming policy meetings to prevent inflation, which currently runs at 40-year highs, from getting entrenched.

 

NATGAS:

European Union made it clear that they wont pay Russian Gas in Rubles and this made the Gas Market hot again. Investors are looking for the answer of Russia, Any gas flow cut will make the prices climb to higher levels The first resistance to be tested is $5.80 and first support on a decline is $5.37 Level. 

 

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24 March 2022 08:34

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