Natural Gas - Daily

Gas - Daily - A move higher looks possible as Russia-Ukraine tensions worsen.

Overview

Gas and Oil contracts rising on Russia-Ukraine tensions.

Technicals

Natural gas is spiking on Russian tensions. Support sits at $4.677 followed by $4.475. To the upside, initial targets are $5.00, followed by $5.213 and then $5.582. RSI reads 61, with MACD trending up. This is a risk on trade as Gas does not usually spike at this time of year. Nordstream 2 looks to be cancelled, which will cause gas prices to go up. This contract is a US contract too, so less sensitive to moves, BUT STILL VERY VOLATILE.