{"id":4059,"date":"2024-10-25T12:03:47","date_gmt":"2024-10-25T12:03:47","guid":{"rendered":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/25\/oil-and-natural-gas-friday-targets-and-prices\/"},"modified":"2024-10-25T12:03:47","modified_gmt":"2024-10-25T12:03:47","slug":"oil-and-natural-gas-friday-targets-and-prices","status":"publish","type":"post","link":"https:\/\/investingsstrategist.com\/index.php\/2024\/10\/25\/oil-and-natural-gas-friday-targets-and-prices\/","title":{"rendered":"Oil and Natural Gas: Friday Targets and Prices"},"content":{"rendered":"
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Oil and Natural Gas: Friday Targets and Prices<\/h1>\n

The oil price reached a new weekly high of $72.34 on Thursday, October 24<\/span>
\nThe price of natural gas managed to regain the $3.00 level on Thursday, October 24<\/span><\/p>\n

Oil chart analysis<\/h2>\n

The oil price reached a new weekly high of $72.34 on Thursday, October 24. Shortly after the formation of this high, the price began to retreat, and by the end of the day, we were again below the $70.00 level. During this morning\u2019s Asian session, oil is moving in the $70.20-$70.60 range. In the EU session, we see increasing price pressure and new testing of the $70.00 level.<\/span><\/p>\n

Bearish momentum is building<\/a> and we expect to see a break of yesterday\u2019s low of $69.80 and the formation of a new one below. Potential lower targets are $69.50 and $69.00 levels. For a bullish option, we need a new bullish consolidation above the $70.60 level. With that step, we strengthen the bullish momentum and expect a continuation until the next resistance in the $71.00 zone. Here, we are waiting for the EMA 200 moving average, which could be an obstacle for oil to continue on the bullish side. If we break above, potential higher targets are $71.50 and $72.00 levels.<\/span><\/p>\n

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Natural gas chart analysis<\/h2>\n

The price of natural gas managed to regain the $3.00 level on Thursday, October 24. The previous time at that level, the price was on October 7. During this morning\u2019s Asian session, the price moved in the zone around $3.00, and now we will see new pressure in the EU session. We are fighting to stay above the daily open level of $2.97. If the current bearish trend continues, we will see a break below and the formation of a new daily low.<\/span><\/p>\n

After that, natural gas will be under greater pressure to continue withdrawal. Potential lower targets are $2.95 and $2.90 levels. For a bullish option, it is necessary for the price to maintain above the daily open level and start a bullish consolidation. After that, we have an opportunity to test the previous high. If the momentum holds, we will see the formation of a new weekly high. Potential higher targets are $3.05 and $3.10 levels.<\/span><\/p>\n<\/p>\n

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

Oil and Natural Gas: Friday Targets and Prices The oil price reached a new weekly high of $72.34 on Thursday, October 24 The price of natural gas managed to regain the $3.00 level on Thursday, October 24 Oil chart analysis The oil price reached a new weekly high of $72.34 on Thursday, October 24. Shortly […]<\/p>\n","protected":false},"author":0,"featured_media":4060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4059","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\/4059","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=4059"}],"version-history":[{"count":0,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/posts\/4059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media\/4060"}],"wp:attachment":[{"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/media?parent=4059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/categories?post=4059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investingsstrategist.com\/index.php\/wp-json\/wp\/v2\/tags?post=4059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}