Strait of Hormuz Hopes Pull European Natural Gas Prices to 3-Week Low

Reports that Iran could reopen the Strait of Hormuz if the US lifts its naval blockade caused a sharp drop in European natural gas prices. The TTF reference price fell 5.6% to 69.15 euros. This decline led natural gas prices in Europe to their lowest level in three weeks. The market is pricing in eased supply concerns amid expectations that shipments can resume through the Strait of Hormuz. The Strait of Hormuz stands out as a critical transit point in global energy trade. Iran's signal to reopen the strait reduced the risk premium regarding Europe's natural gas supply security. The drop in TTF once again demonstrated the impact of geopolitical developments on pricing in energy markets. Investors are closely monitoring steps regarding the US naval blockade and official statements from Iran. Not investment advice.

📊 NATGAS — Piyasa Yorumu

▼ down · 60%

The easing of geopolitical tensions regarding the Strait of Hormuz reduces the risk of supply disruptions, pushing natural gas prices lower. However, technical indicators point to an overbought zone: RSI14 is at 76, and the price is significantly above the 20-day moving average. This increases the likelihood of a short-term correction or consolidation. Nevertheless, the strong 5.4% rise in the last 24 hours and positive MACD momentum suggest that the decline may be limited. Due to the news, I expect a downward movement within 1-3 days, but volatility could be high depending on geopolitical news flow.

RSI 14

76.3

MACD

0.04

24h Δ

5.40%

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