Russian destabilization and Northern Hemisphere heatwave is lifting NAt gas prices. adding to sticky inflation globally.

 

What is going to give?  Crude or Natural Gas prices?  Or Both.  As both commodities have been artificially suppressed via oil caps and government intervention on energy prices.  The turmoil within Russia and the possibility of widespread destabilization, if indeed another coup could be in the works.   And at this point it would be Nat gas that will come under pressure, metaphorically, if Russia does split apart internally.   Uncertainly, which was always lingering prior and after the invasion of Ukraine, will once again affect energy markets. 

The other question that has to be asked; is to what extend can Europe and the U.S. retain its energy caps without crimping energy companies profits?   The market maybe sniffing this out now as a precuser to spikes in oil and nat gas. 

Also, to be aware is climate change and electricity use.  At this point the U.S. and Europe are facing a prolonged heatwave.  Electricity and nat gas prices run hand-in-hand. 

Nat gas supports are on a monthly chart/1hr:

2.44

2.52

Resistance at:

2.69

Bid at:

2.76

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All Nat Gas analysis to date: chiasmusmagazine.blogspot.com/search?q=natural+gas