Natural Gas price (XNG/USD) is testing this week’s low on Tuesday after prices fell on Monday due to extensive profit-taking.
Natural Gas prices decline nearly 2% amid reports that Israeli opposition parties discuss plans to oust Prime Minister Benjamin Netanyahu. Ireland, Norway and Spain have officially recognized the Palestinian state as strikes over Rafah continue. The US Dollar Index retreats further, testing the last lines of defense. Natural Gas price is testing this week’s low on Tuesday after prices fell on Monday due to extensive profit-taking.
After the Rafah massacre over the weekend, international disapproval is growing and even the US is seeing how its arguments to stand by Israel are starting to run out. If a new coalition took control of the government, the current offensive in Gaza could be ended and recalled, easing tensions in the region. The $3.00 marker as a big figure was easily broken on Wednesday. The pivotal level near $3.07 remains key as prices failed to post a daily close above it.
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