European Gas prices jump on cold weather and Iran risks – ING

💡 DMK Insight

Natural gas prices are on the rise, and here’s why you should care: colder weather is pushing demand higher while geopolitical tensions add uncertainty. With TTF prices jumping 6.6% to over €30/MWh, traders need to keep an eye on how these factors could influence both short-term and long-term positions. The spike in demand for heating could lead to further price increases, especially if the cold snap persists. Additionally, unrest in Iran raises the specter of supply disruptions, which could ripple through the LNG market and affect prices globally. If you’re trading natural gas, watch for resistance levels around €32/MWh, as breaking through could signal a bullish trend. On the flip side, if the situation stabilizes, we might see a correction. It’s worth monitoring how quickly any potential supply issues resolve, as that could dictate market sentiment. Keep an eye on weather forecasts and geopolitical developments, as they could provide critical insights into price movements in the coming weeks.