Natural gas prices fell on Monday but are still higher so far this month. In Europe, they fell 1.9% to EUR 35.55, close the intraday low of EUR 35.42, but are still almost 4% higher in June. The sell-off was driven by renewed confidence in access to supplies for refilling as demand from China and India remain soft given the mild weather so far this season.
Find more articles and bullets on these widgets:
USDCAD has recovered from its recent lows. Despite the recovery, the trend condition remains bearish and short-term gains are considered corrective. A fresh cycle low on Tuesday reinforces the bearish theme. Potential is seen for a move towards 1.3744, a Fibonacci retracement. Note that moving average studies are in a bear mode position, highlighting a dominant downtrend. Key resistance is seen at 1.4041, the 50-day EMA.