Natural Gas and Oil Forecast: Oil Surges 5% as Hormuz Ceasefire Fails — Is $100 Brent Next?
FX Empire·2026-04-20 16:28
Natural gas is finally showing some of the early signs of a trend reversal after breaking out of that prolonged downtrend channel. Price is holding its ground above the $2.63 – $2.65 support zone, which is a big deal because it suggests that buyers are coming in on the dips now.The recent push up towards $2.75 is a pretty clear sign of improving momentum and it is backed up by a rising RSI which is just screaming that we are seeing a strengthening of bullish sentiment in the market. Unlike the oil markets, ...