European Natural Gas Prices Surpass 80 Euros, Hitting Three-Year High

JST has fallen 3.1% in the last 24 hours to $0.10233, with the RSI at 35.9, approaching oversold conditions. The MACD is in negative territory and below the signal line, indicating weak short-term momentum. The price is trading below both the SMA20 and SMA50, suggesting a downward overall trend. News implies that rising natural gas prices could increase energy costs and reduce risk appetite in the crypto market. Therefore, JST is likely to continue its downward trend over the next 1-3 days.

The sharp rise in European natural gas prices is heightening supply concerns in the global gas market, which could have a positive impact on NATGAS. However, technical indicators are sending mixed signals: RSI at 41 is in the weak zone, and MACD is negative, suggesting momentum has not yet strengthened. The price is trading below SMA20 and SMA50, indicating strong short-term resistance levels. Nevertheless, the news flow and the price increase in Europe could trigger speculative buying and push prices higher. Therefore, an upward move is possible in the short term, but the confidence level is moderate as the technical picture does not provide a clear signal.

Brent crude oil prices have risen 3.9% over the past 24 hours to $101.3, with the RSI entering overbought territory at 70.7. The MACD remains positive above its signal line, and the price is exhibiting a strong uptrend above the SMA20 and SMA50. The three-year high in European natural gas prices indicates broad supply concerns in energy markets, which could further support oil prices. However, the overbought RSI increases the risk of a short-term correction, warranting caution for continued upside. In the near term, upward momentum may persist, but volatility could be elevated.