Natural gas storage in Europe sounds alarm: Prices up 140 percent
📊 NATGAS — Piyasa Yorumu
▲ up · 55%The decline of natural gas storage in Europe to critical levels and a 140% increase in prices are bringing supply concerns to the fore; this situation could create upward pressure on NATGAS in the short term. Technical indicators also partly support this outlook: the price is slightly above SMA20 and SMA50, RSI at 56 is in the neutral-to-positive zone, and MACD is above its signal line. However, RSI remains far from overbought territory and momentum is not yet strong, suggesting the rally may remain limited. Although the news impact may be short-lived, weather conditions and storage data could determine the direction. I expect an upward trend with moderate confidence.
📊 BRENT — Piyasa Yorumu
▲ up · 35%Low levels in European natural gas storage and a 140% increase in prices are raising supply concerns in the energy market and may indirectly support Brent crude. However, Brent's latest close was 103.84, down 1.67% over 24 hours, with the RSI at 45.96 in neutral-to-weak territory. Although MACD remains in negative territory, it is trading above its signal line, indicating limited recovery potential. The price is just above SMA20 but below SMA50, with a sideways, support-backed outlook prevailing in the short term. Since the news affects the gas market rather than direct oil supply, upward pressure on Brent may remain limited and indirect.