{"id":3552,"date":"2024-10-14T12:03:14","date_gmt":"2024-10-14T12:03:14","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/14\/oil-and-natural-gas-new-targets-and-prices-for-this-week\/"},"modified":"2024-10-14T12:03:14","modified_gmt":"2024-10-14T12:03:14","slug":"oil-and-natural-gas-new-targets-and-prices-for-this-week","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/14\/oil-and-natural-gas-new-targets-and-prices-for-this-week\/","title":{"rendered":"Oil and Natural Gas: New Targets and Prices for this Week"},"content":{"rendered":"
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Oil and Natural Gas: New Targets and Prices for this Week<\/h1>\n

At the opening of this week\u2019s session, the oil price was under pressure, and we saw a bearish gap between $75.56 and $75.00<\/span>
\nOn Friday, the price of natural gas was under a lot of pressure in the $2.94 zone<\/span><\/p>\n

Oil chart analysis<\/h2>\n

At the opening of this week\u2019s session, the oil price was under pressure, and we saw a bearish gap between $75.56 and $75.00. We did not stop there but continued to pull down to the $74.10 level. After that, we managed to initiate a recovery that did not last long, and we find resistance at the $74.85 level. An additional break in the EMA 50 moving average in that zone had the effect of oil starting a retreat back to the $74.10 level.<\/span><\/p>\n

Currently, the price is under pressure in the EU session<\/a>, and we expect to see a further retreat and fall to a new daily low. We hope for support in the EMA 200 moving average in the zone of $73.50 levels. Potential lower targets are $73.00 and $72.50 levels. For a bullish option, we need a positive consolidation of the oil price above the $75.00 level. There, we expect to find support in the EMA 50 moving average. After that, the price has a chance to close this morning\u2019s gap.<\/span><\/p>\n<\/p>\n

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Natural gas chart analysis<\/h2>\n

On Friday, the price of natural gas was under a lot of pressure in the $2.94 zone. After losing the previous momentum, we saw the initiation of a bearish consolidation below the EMA 200 moving average. That strengthened the bearish momentum, and by the end of the market closing, the price dropped to the $2.84 level. During this morning\u2019s Asian trading session, natural gas remained in the support zone without the strength to move above the $2.85 level.<\/span><\/p>\n

The current picture is unfavorable for the price, and we can expect to start a new pullback to a new low. Potential lower targets are $2.82 and $2.80 levels. For a bullish option, we need a positive consolidation above the daily open level of $2.85. After stabilizing there, we can hope for a new positive consolidation and further recovery. Potential higher targets are $2.86 and $2.88 levels.<\/span><\/p>\n<\/p>\n

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The post Oil and Natural Gas: New Targets and Prices for this Week<\/a> appeared first on FinanceBrokerage<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil and Natural Gas: New Targets and Prices for this Week At the opening of this week\u2019s session, the oil price was under pressure, and we saw a bearish gap between $75.56 and $75.00 On Friday, the price of natural gas was under a lot of pressure in the $2.94 zone Oil chart analysis At […]<\/p>\n","protected":false},"author":0,"featured_media":3553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/comments?post=3552"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/3552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/3553"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=3552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=3552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=3552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}