• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Oil and natural gas: Oil falls to new July low on Friday

by July 22, 2024
written by July 22, 2024

Oil and natural gas: Oil falls to new July low on Friday

On Friday evening, the oil price dropped to $78.59, forming a new July low. 
The price of natural gas continued this morning’s recovery during the Asian session. 

Oil chart analysis

On Friday evening, the oil price dropped to $78.59, forming a new July low. During this morning’s Asian trading session, the oil price moved in the $78.75-$79.00 range. The price has stabilized, and we could expect an impulse from $79.00 and growth to the new weekly high. If we manage to get to the $80.00 level, we will test that EMA 50 moving average. With its support, the price would increase the chances of further recovery.

Potential higher targets are $80.50 and $81.00 levels. The Emma 200 moving average is another step at the $81.35 level. For a bearish option, we need a negative consolidation and a drop below this morning’s Asian low. With that, we go to a new daily low and confirm the return to the bearish side. Potential lower targets are $78.50 and $78.00 levels.

 

Natural gas chart analysis

The price of natural gas continued this morning’s recovery during the Asian session. A new high was formed at the $2.20 level, and we are now moving slightly below that level at $2.18. We need to continue the bullish consolidation to climb to $2.25 and break the EMA 200 moving average. If we manage that, we get moving average support to continue to the bullish side.

Potential higher targets are the $2.30 and $2.35 levels. For a bearish option, we need a negative consolidation and pullback below the $2.15 level. Going down below, we move to the bearish side below the weekly open price. That will increase pressure on the price of natural gas to continue its retreat. Potential lower targets are the $2.10 and $2.05 levels.

 

The post Oil and natural gas: Oil falls to new July low on Friday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Gold and Silver: Gold continues to hold above $2400 level
next post
The price of Bitcoin rose to a new high this morning

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Critics pan Kamala Harris’ TV interview, bewildering answers: ‘Talk is cheap’

    September 15, 2024
  • Biden camp skipped Super Bowl interview amid Robert Hur report concerns: Source

    August 7, 2025
  • SOUTHCOM commander announces sudden retirement amid Trump drug war in Caribbean

    October 16, 2025
  • Healthy living, party unity, and ‘time to smell the roses’: Congressional Republicans’ New Year’s resolutions

    January 1, 2025
  • Apple sued by shareholders who allege it overstated AI progress

    June 23, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,506)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Oil and Natural Gas: Oil continues bullish toward $75.00

    August 7, 2024
  • Short MEDP: revenue shortfall indicate bearish trend for medpace holdings, inc.

    July 23, 2024
  • USDCAD and USDCNH: USDCNH is in a positive trend

    August 27, 2024

Recent Posts

  • The national debt is about to hit a terrifying number no matter what we do

    March 7, 2025
  • Dogecoin and Shiba Inu: Dogecoin has slowed its recovery

    August 14, 2024
  • US appeals court blocks Trump contempt proceedings ordered by Boasberg

    August 8, 2025

Editor’s Pick

  • Biden, Harris call for Supreme Court term limits, code of conduct, limits on presidential immunity

    July 29, 2024
  • Women’s basketball league Unrivaled signs uniform deal with Under Armour

    December 11, 2024
  • Watch: Bernie Sanders reacts to Trump’s Iran strikes in real time at ‘Fighting Oligarchy’ rally

    June 22, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock