The Natural Gas concept includes major US-listed companies in the natural gas industry chain.
Chevron Files for Drilling Program Offshore Namibia Near TotalEnergies Discovery
US stocks closed | The three major indices closed slightly higher; beautiful performance helped Pinduoduo soar by 18%, and the market value hit Ali
The overall dovish speech of Fed officials reignited market expectations that the Fed had already raised interest rates. In September, US housing prices rose for eight months to a record high; in November, consumer confidence stopped falling for three months; “Cyber Monday” consumption rose nearly 10% to a new high to boost retail stocks, Walmart rose more than 1%, and “American Flower” Affirm rose more than 11%. The Dow reached a new high of nearly four months. The three major US stock indexes moved towards their best monthly gains in a year. Tesla rose 4.5%, and Microsoft reached a new high, but the China Securities Index fell 0.3% to a one-week low.
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Natural gas prices have had a massive rally of about 80% this year. The price action appears to be rejecting a couple of long-term Fibonacci levels and is now just above the support line that has held nat gas prices up all year. Will the rally continue into next year? Or will we see a correction soon?
After a roughly 80% rally, I think some commodity traders might be willing to take some profit if the price dips ...
The front-month natural gas futures pricing spiked to US$7.5/Mmbtu on Monday, while it was traded just above US$7.0/Mmbtu on last Thursday.
U.S. natural gas prices surged to the highest intraday level in over 13 years as robust demand tests U.S. drillers' ability to expand supplies.
--- According to Bloombe...