Natgas Steady Flat

Natgas Steady Flat

Natgas Steady Flat

Investors continued monitoring developments around the Ukraine crisis closely, while keeping an eye on accelerating inflation and ensuing rate hikes from the Federal Reserve. Fed governor Michelle Bowman suggested on Monday that a 50 basis point rate hike at the March meeting could happen if PCE inflation to be released later in the week comes in above expectations. Policymakers are coalescing around a plan and conditioning markets for a steady increase in interest rates starting in March. Meanwhile, Biden announced US sanctions against Russia on Tuesday targeting the country’s sovereign debt, financial firms and elites, after Moscow ordered troops into two separatist regions of Ukraine.

 

NATGAS:

As US and other LNG producing countries said they will supply more gas to Europe the price of Natural Gas stays flat. The first resistance to be tested is $4.65 and first support on a decline is $4.15 Level.

 

Follow the NATGAS chart, and trade and invest in Natural Gas on GANNMarkets.

Previous News

The Week So Far
23 February 2022 13:01

The Week So Far

Next News

nasdaq-100-futures-fall
22 February 2022 08:17

nasdaq-100-futures-fall