Read more
4:30 PM · 4 March 2024

NATGAS extends daily gain to 8%

-
-
Open account Download free app

NATGAS extends a massive intraday gain and is now trading over 8% higher on the day! From a technical point of view, the commodity is approaching a key psychological resistance zone in the $2.00 per MMBTu area. A break above this zone could in theory invalidate a weeks-long downtrend and hint at further gains. NATGAS is trading around 30% above 4-year lows reached in mid-February 2024. However, around 5 percentage points of this gain came from contract rollover.

Should we see a break above the $2.00 area, the next potential resistance to watch could be the 50-session moving average (blue line on the chart below). On the other hand, should sellers regain control over the market and erase today's gains, the $1.864 per MMBTu area should be seen as the first support zone to watch. We wrote about today's NATGAS price jump in more detail here.

Source: xStation5

30 January 2026, 10:07 AM

⏬Silver below $100, Gold breaches $5000

30 January 2026, 9:09 AM

Gold plunges 5% 🚨 Precious metals slide into correction

29 January 2026, 6:48 PM

Daily summary: Wall Street and precious metals try to rebound 📈Microsoft down 12%

29 January 2026, 6:03 PM

Oil gains 3% approaching 70 USD level amid US-Iran tensions 📈

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits