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Barchart
Barchart
Cesar Marconetti

European Commodities: UK Natural Gas Bounces from Lows as Japan Drives Demand

Europe Natural Gas Japan United Kingdom

The UK Natural Gas May 24 (NFK24) contract is set to be the best performer in Europe commodities markets so far this week, with a 16.29% 5-day increase. It is currently trading at 73.69 pence/therm.

After the low of 54.84 on 23 February, it had a solid recovery. However, at present it is facing a key resistance at 74.9.

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