| 
April 10, 2023
Tentatively higher from an earlier low of $2, NYMEX Gas is up to $2.16 per MMBtu today, adding 16.2 cents, or 7.51%, to Thursday's closing price of $2.
Natural Gas made an initial breakout above its 10 day Simple Moving Average at $2.18, a potential indicator of a newly emerging bullish phase. Natural Gas broke through the $2.04 resistance and climbed above it 12 cents; next resistance level is at $2.05.
Overall, looking at the technical analysis landscape, it seems Natural Gas might continue pointing upwards in the short term.
A look at other Energy also shows upside as Heating Oil is up 0.92%.
While NYMEX Natural Gas is appreciating, other Energy are comparatively not doing so well — Crude Oil is trading around $79.87 (down 83 cents). After ending Thursday's session at $85.12, Brent Crude Oil lost 82 cents and is trading around $84.3.
Also worthy of note, United States EIA Short-Term Energy Outlook will be released tomorrow at 16:00 UTC.
The commodity has been trending lower for about a month. NYMEX Natural Gas has fallen back around 79.23% over the past 7 months, from a notable high of $9.68.
