Natural gas prices are soaring. See why: Forex Trading Commodities
Enter your emailWe expect natural gas to continue rising, to target the first resistance levels at 8.154.
It then settled at the price of $7.518 per million British thermal units, after rising in trading on Wednesday for the session. It had a rate of 3.96%, during the past week, natural gas rose for the fifth week in a row, by 15.81%, in a short week due to the Good Friday holiday.US natural gas futures settled at their highest prices since October 2008.
Most financial markets are closed on Good Friday, including the energy trading on the New York Mercantile Exchange. Thursday's settlement was the highest for the nearest month contract since October 2008, and the five-week rally was the longest stretch of gains since October 2021.
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