European natural gas prices plunge on Hormuz Strait deal

Natural gas prices in European markets have recorded a sharp decline as expectations of a deal between the US and Iran to reopen the Strait of Hormuz increase. News that over 70 commercial vessels have passed through the strait in the past week and that LNG tanker shipments have resumed has significantly reduced concerns about energy supply. These developments have created a perception in the markets that supply security risk has diminished, pulling natural gas prices down. Expectations of a deal have alleviated concerns about potential supply disruptions, especially in the event of an escalation in geopolitical tensions. Analysts note that the reopening of the Strait of Hormuz could normalize global energy flows, potentially exerting sustained downward pressure on natural gas prices in Europe. However, they also state that the market remains sensitive to geopolitical developments. This is not investment advice.

📊 NATGAS — Piyasa Yorumu

▼ down · 70%

The news headline indicates a sharp decline in natural gas prices as geopolitical risks diminish. Technical indicators support this decline: RSI at 27 is in oversold territory, the price is below both the 20-day and 50-day moving averages, and the MACD is negative and below the signal line. In the short term, the downtrend is likely to continue, although the oversold region could signal a potential corrective rally. Therefore, I forecast a bearish direction with medium-high confidence.

RSI 14

27.2

MACD

-0.03

24h Δ

-3.67%

📊 BRENT — Piyasa Yorumu

▼ down · 70%

The Strait of Hormuz agreement has reduced concerns over energy supply security, leading to a decline in oil and natural gas prices. Brent crude oil closed at $103.54, with a 24-hour change of -1.28% in negative territory. The RSI is at 43.85, indicating weak momentum, while the MACD is below the signal line and trending negative. The price is trading below the 20-day and 50-day moving averages, supporting a short-term bearish trend. The decline is likely to continue for a few more days due to the impact of the news.

RSI 14

43.8

MACD

-0.60

24h Δ

-1.28%

📊 TUPRS — Piyasa Yorumu

▼ down · 65%

Although the news signals a decline in energy costs, TUPRS shares are exhibiting a weak technical outlook. The RSI is at 40 and below the MACD signal line, indicating that short-term selling pressure may persist. The price is trading below the 20- and 50-day moving averages, and yesterday's closing was down 2.4%. The positive impact of the news may be limited, and the stock could continue to retreat toward the 240 TL support level.

RSI 14

40.9

MACD

-2.98

24h Δ

-2.45%

Canlı Grafikler