Natural Gas price sinks despite event risk in the Middle East over the weekend

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• Natural Gas prices pressured this week, correcting from last week’s huge rally. 
• The US Dollar trades mixed, torn between Israel-Hamas war safe-haven flows and rising US Treasury yields.
• Natural Gas prices are still in a long-term uptrend, favourable winter season will still bring more upside. 

Natural Gas prices are dropping lower this week as gas supply towards Europe has been above average, despite the closure of the import Israel gas flow via Egypt. With the European gas tanks filled up to the brim, the EU bloc looks ready to face the first period of cold temperatures ahead of winter. Even with geopolitical tensions on the horizon, one of the biggest demand pools in the world looks to be set for quite a while.