The price of U.S. gas is rising today (note that volumes are limited due to Martin Luther King Jr. Day), while European prices are falling sharply. There are new weather forecasts for the last week of January in the US. It is supposed to be considerably colder and almost all over the US temperatures are expected to be below average. It turns out that February could stir up a lot more in the price of gas. Seasonality points to two local lows - January 21 and February 4.
Temperatures in the last week of January are expected to be below average temperatures. Source: Bloomberg
The price has lost its downward momentum, although at the same time it has broken through the local lows of late 2021 and early 2022. The key support is 3.2-3.3 at the 78.6 Fibo retracement. Source: xStation5
Daily Summary: A shift in sentiment at the end of the day 💥⬇️
Iran formalizes control over the Strait of Hormuz; Oil prices halt their decline ❓⚓
SILVER is going up 5.75% 🚀
Silver surges 3% 📈Precious metals bull market momentum is back?
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
