Natural Gas Prices on the Rise
As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand.
Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports:
→ Israel has attacked Iran’s South Pars gas field, and Donald Trump has called for the evacuation of Tehran.
→ Market participants fear that a blockade of the Strait of Hormuz could disrupt oil and natural gas supply chains.
In addition, forecasts of extreme heat in the US and increased demand for gas-powered air conditioning are also pushing prices higher.
TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG
Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

As shown on the XNG/USD chart today, natural gas prices are trading around $3.960 per MMBtu — the highest level in over a month. This week’s series of bullish candles confirms strong demand.
Natural gas is becoming more expensive due to concerns over the military conflict between Iran and Israel. According to media reports:
→ Israel has attacked Iran’s South Pars gas field, and Donald Trump has called for the evacuation of Tehran.
→ Market participants fear that a blockade of the Strait of Hormuz could disrupt oil and natural gas supply chains.
In addition, forecasts of extreme heat in the US and increased demand for gas-powered air conditioning are also pushing prices higher.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG
Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.