Breaking: Natural Gas Prices Propel Upwards to $1.90 Resistance

Natural gas prices in XNG/USD are shooting upwards, seeking to pierce the heavy resistance at $1.90. The five days have been totally beneficial since the price of gas is up close to 20%, while XNG/USD itself is up 6% today.

Market analysts explain, "The rally is a mix of the continued geopolitical tension in the Middle East and Ukraine, the growing ESG considerations, and the unexpected production outages in the US and Norway.

All these happenings are coinciding with the US Dollar Index surging to 104.00, particularly after a dovish interest rate hike by the BoJ, adding further momentum to the upward movement in natural gas prices.

More as this becomes available.