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Gold prices plunged on June 25, extending losses from the previous trading day; a stronger dollar and growing market expectations of a potential Federal Reserve rate hike later this year dampened investor sentiment. Gold futures in New York fell 3.4% to settle at $3,990.30 an ounce, the lowest closing price since November of last year. Other precious metals also saw declines. The dollar strengthened against a basket of currencies today, making dollar-denominated commodities more expensive for overseas buyers.June 25th - As of 2:30 PM closing, the main Shanghai gold futures contract fell 2.45% to 875 yuan/gram, the main Shanghai silver futures contract fell 6.31% to 13,956 yuan/kilogram, and the main SC crude oil futures contract fell 3.78% to 471 yuan/barrel.U.S. Department of Transportation: Domestic airfares in the United States rose 4.7% in the first three months of 2026.Google (GOOG.O) shares dipped briefly after reports surfaced that two more of its AI employees may be leaving for Anthropic.June 25 – European Central Bank (ECB) official Zigman stated that the ECBs primary task is controlling inflation; with falling oil prices, this task is becoming relatively easier. Zigman delivered his first public speech since becoming governor of the Central Bank of Croatia this month. He noted that the ECB demonstrated its resolve by raising borrowing costs, despite concerns that this move would further hamper the regions already struggling economy. "We must focus on price stability," Zigman said. "Geopolitical developments related to the situation in the Strait of Hormuz have led to a drop in oil prices. This will undoubtedly have a positive impact on inflation."

Natural Gas Price Prediction - Prices to Rise on EIA's Positive Prognosis

Alina Haynes

May 12, 2022 11:06

Natural gas prices rose substantially for the second consecutive trading session on Wednesday. The National Oceanic and Atmospheric Administration predicts that for the next 6 to 10 days, the majority of the South will see weather that is warmer than average. In the upcoming week, it is anticipated that inventories would increase.

 

The most recent week is anticipated to see a 66 Bcf increase in natural gas stockpiles, according to survey provider Estimize. The release follows the addition of 55 Bcf to stockpiles. In its short-term energy forecast, the EIA projected that natural gas prices will average $8.4 per MMBtu in 2022. 

Technical Evaluation

Wednesday saw a significant increase in natural gas prices, the second straight day of gains. Prices reclaimed resistance, which is presently providing support close to the 20-day moving average at 7.32. Resistance is anticipated near the May highs, at $8.99.

 

As the fast stochastic generated a crossing buy signal, near-term momentum has turned positive.

 

Negative momentum has developed in the medium term. The MACD (moving average convergence divergence) signaled a sell crossover. This occurs when the MACD line (12-day moving average minus 26-day moving average) crosses beneath the MACD signal line (the 9-day moving average of the MACD line).

 

The MACD histogram is in negative territory and sloping downward, indicating that prices will decline.


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