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Natural gas is pulling up to the area of interest at the 38.2% Fib visible on the daily time frame. If this area holds as resistance, the commodity price could fall back to the lows at $1.572 soon. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that resistance is more likely to hold than to break. The ...
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Brazilian state-owned oil company Petrobras announced a 38% decrease in its net recurring profit for the first quarter (Q1) of 2024 compared with the previous year. The financial results released Monday fell short of analysts’ forecasts and the company’s dividend due to reduced sales volumes. According to LSEG data, net recurring profit dropped to 23.9bn ...