Here is a brief analysis of the trends in Gold, Oil and Gas?

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Here is a brief analysis on the trends in Gold, Oil and Gas.

It is a pleasure to share my weekly article with all of you.

This article will explore the most promising futures at the current time.

Our focus will be on the gold, oil and gas markets.

Gold has taken a significant tumble, falling to around $2,000 an ounce, following the latest U.S. economic statistics that do not offer a positive outlook for the Federal Reserve to cut interest rates. This led to a rise in bond yields at the expense of gold, which returned to previous levels.

Oil posted slight gains this week despite challenges such as the strength of the U.S. dollar and the increase in weekly U.S. inventories (+12 million barrels).

Both OPEC and International Energy Agency (IEA) monthly reports on oil markets were released, but there were no significant changes from January: forecasts for global oil demand growth remain unchanged.

The upward trend in prices remains solid and is expected to reach $80 soon.

On February 16, we received a positive indication for oil prices, as they rose +1.10 with above-average volumes, from source? This could be a potential indicator for a market recap with probable uptrend to continue on the prices of oil, however always remember that the markets are unpredictable and past results are not indicators of future performance.

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The natural gas market continues to go through a difficult period. The data is not helping either, as inventories continue to grow beyond forecasts, negatively impacting prices.

The U.S. natural gas futures price fell to $1.55/MMBtu, the lowest value since June 2020. This was due to near-record production, large amounts of stored gas and above-average temperatures.

In addition, technical problems at the Freeport LNG export facility have restricted the flow of gas to LNG export terminals, and record levels are not expected to be reached until the facility is 100 percent operational. Thanks to mild temperatures this winter, utilities have been able to increase gas stocks naturally, with a current surplus of 15.9 percent over normal levels.

Gas production in February saw an average daily increase from 102.1 bcfd in January to 105.8 bcfd. In addition, according to forecasters, the weather will remain mild until the first day of the next week.

There could be a technical rebound that would bring prices back to the 2 area, but that would require positive stock data or a change in the weather forecast. In the first quarter of 2023, gas prices fell 52 percent, but now we are only at -21 percent.

I look forward to sharing the next article on markets.com channels, in which we will analyze the most relevant stocks of the moment.

Don't miss our webinar on February 23 at 3 p.m., where we will discuss the current oil and gas situation. You will be able to follow it on our official YouTube channel. We look forward to seeing you!

When considering commodities and raw material for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.