Gas flow eastbound resumed on Sunday via the Yamal-Europe Pipeline to Poland from Germany
26 Sep 2022
The Natural gas contract fell 1.15% to 6.90 on Monday 26 September
Gas flow eastbound resumed on Sunday via the Yamal-Europe Pipeline to Poland from Germany; data from the pipeline operator shown by Cascade
Exit movement at the Mallnow metering point on the German border was at 668,924 kilowatts per hour between 1700-1800 CET after remaining zero since 0600 CET data showed that the Flows stood at 665,593 KW/h on Monday between 0200-0300 CET
Oil prices rose on Thursday, U.S energy investors forecast higher demand and tighter supply has been going into 2023, although investor’s concern about weakening economic growth kept prices pinned near eight months lows
According to analysts and traders, gasoline prices are expected to keep falling in the coming months because U.S refiners overproduce fuel to try to rebuild stocks of diesel and heating oil.
LONG-TERM TECHNICAL ANALYSIS
This daily chart indicates that Natural gas is trading in a down channel, RSI is in the selling zone which indicates bearishness, and MACD is below zero which indicates bearishness. Natural gas is trading below all SMA.