Brent Crude Exceeds $104, Natural Gas Prices Rise

The lack of significant progress in negotiations between the US and Iran has reignited supply security concerns in European energy markets. While the risk of potential disruptions originating from the Middle East has driven European natural gas prices higher, the price of Brent crude oil has risen above $104 per barrel. Although data indicating that some LNG tankers passing through the Strait of Hormuz are moving with their location signals turned off has drawn attention, the continued passage of tankers has limited the rise in natural gas prices. This is not investment advice.

📊 BRENT — Piyasa Yorumu

▲ up · 60%

Brent crude oil's rise above $104 and a daily increase of over 3% indicate that the upward momentum continues in the short term. Although the RSI at 51.8 is in neutral territory, the MACD line being above the signal line and the 20-day SMA trading above the 50-day SMA are technically positive. However, the possibility of the price encountering resistance at the $104 level and not approaching overbought territory suggest that the rally may be limited. The rise in natural gas prices, as highlighted in the news headline, also supports the generally positive sentiment in the energy sector.

RSI 14

51.8

MACD

0.92

24h Δ

3.13%

📊 NATGAS — Piyasa Yorumu

▲ up · 60%

The news headline indicates that Brent crude oil exceeding $104 has driven natural gas prices higher. Technical indicators also support this uptrend: the RSI at 52.7 is in neutral territory but shows upward potential, while the MACD, though just below the signal line, remains in positive territory. Closes above the SMA20 and SMA50 strengthen short-term momentum. However, the MACD has not yet crossed above the signal line, and the RSI is not approaching overbought levels, warranting caution. Therefore, the upward trend is expected with moderate confidence.

RSI 14

52.7

MACD

0.01

24h Δ

0.11%

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