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

Oil and natural gas: Oil is back on the positive side

by March 20, 2025
written by March 20, 2025

Oil and natural gas: Oil is back on the positive side

On Tuesday, the oil price dropped to a new July low of $74.59. 
During this morning’s Asian trading session, the price of natural gas climbed to a new weekly high at the $2.16 level.

Oil chart analysis

On Tuesday, the oil price dropped to a new July low of $74.59. Shortly after stabilizing at that level, a bullish consolidation was initiated. During this morning’s Asian trading session, the oil price started a strong bullish consolidation. It quickly bounced back above $76.00, finding support at the EMA 50 moving average. After that, the growth continued to $77.50 and the EMA 200 moving average.

In this zone, we can expect some resistance to continue on the bullish side. Potential higher targets are the $78.00 and $78.50 levels. For a bearish option, we need a negative consolidation and pullback below the $77.00 level. This brings us back to the negative side below the weekly open price. After that, we expect to see a further pullback and a search for new support. Potential lower targets are the $76.50 and $76.00 levels.

 

Natural gas chart analysis

During this morning’s Asian trading session, the price of natural gas climbed to a new weekly high at the $2.16 level. The inability of the price to stabilize and continue on the bullish side led to the initiation of bearish consolidation and the EU session back to the $2.08 level. We are back below the EMA 200 moving average again, which added to the bearish momentum.

Potential lower targets are the $2.06 and $2.04 levels. By returning to these levels, we would be forced to test the weekly open price. For a bullish option, we need to stop this bearish impulse and stabilize the price at the $2.10 level. If we succeed in this, we can hope to initiate a bullish consolidation and recovery. Potential higher targets are the $2.12 and $2.14 levels.

 

The post Oil and natural gas: Oil is back on the positive side appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Gold and Silver: Gold remains stable in the $2420 zone
next post
Israel continues to strike Gaza, killing dozens of Palestinians days after ceasefire ends

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

  • Trump names Susie Wiles as first female White House chief of staff in history

    November 8, 2024
  • SEN. JOHN THUNE: The modern Republican Party and our mandate

    November 11, 2024
  • Starbucks imposes new limits on what baristas can wear under their green aprons

    April 23, 2025
  • Mike Huckabee confirmed as US ambassador to Israel in bipartisan vote

    April 9, 2025
  • Jury selection still underway in Ryan Routh trial, more than 70 jurors removed

    September 10, 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

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

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,081)
  • Investing (634)
  • Stock (927)

Latest Posts

  • Apple (AAPL) shares drop after company flags $900 million tariff hit

    May 3, 2025
  • Biden admin spent hefty sum of US tax dollars to upgrade embassy swimming pools in Iraq, Russia

    July 20, 2025
  • Biden ‘Politburo’ member Steve Ricchetti appears before House investigators in Comer cover-up probe

    July 30, 2025

Recent Posts

  • Trump, Harris neck and neck as Dems lose ground among Latino, Black voters: poll

    October 21, 2024
  • The price of natural gas is rising ahead of the coming storm

    September 11, 2024
  • Harris takes aim at Trump as she vows ‘to be a president for all Americans’

    August 23, 2024

Editor’s Pick

  • ‘Squad’ member delivers real-time whiteboard responses to Trump: ‘No king!’

    March 5, 2025
  • Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

    November 26, 2024
  • Tariff threat looms over the year’s biggest electronics show

    January 9, 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