Commodity Update: NG, WTI, and Brent Oil Showcase Bullish Trends Amid Technical Indicators"

Natural Gas (NG) has surged in a bullish trend, rising by 1.11% to $1.8200. This movement occurs against a technical backdrop where the $1.8080 pivot point plays a pivotal role. Should NG surpass this threshold, it encounters resistance at $1.8595, followed by ceilings at $1.9035 and $1.9408.

Support levels are established at $1.7788, with additional layers at $1.7261 and $1.6795. The close proximity of the 50-Day Exponential Moving Average (EMA) at $1.8245 to the current price indicates a fierce battle between bullish and bearish forces, while the 200-Day EMA at $1.9034 suggests a stronger resistance area.

The prevailing bullish sentiment above $1.8080 hints at the potential for upward movement, provided this critical support level is upheld.

WTI Crude Oil experienced a rise, climbing by 0.49% to reach $81.13 in trading. This movement unfolds within a significant technical context, underscored by a pivot point set at $80.39. Should WTI Oil surpass this pivotal level, it encounters resistance at $81.87, progressing to $82.93, and ultimately to $83.87.

Conversely, support is firmly established at $79.39, with subsequent bases at $78.46 and $77.29. The 50-Day Exponential Moving Average (EMA) stands at $80.76, closely tracking the current valuation of the asset, while the 200-Day EMA at $78.68 provides a broader bullish foundation.

Overall, the market sentiment remains bullish above the $80.39 mark, indicating potential for further upward movement, contingent upon maintaining this critical support level.

Brent Oil saw a modest increase, rising by 0.49% to reach $85.94 in trading. This uptick reflects a positive phase in the commodity's trading dynamics, particularly as it remains above the crucial level of $85.13, as defined by its technical configuration.

In terms of resistance, the asset encounters immediate barriers at $86.48, followed by additional hurdles at $87.23 and $87.94, outlining potential paths for upward movement. On the flip side, support levels are established at $84.57, then $83.89, and finally at $83.20, providing a safety net against potential downturns.

The close proximity of the 50-Day Exponential Moving Average (EMA) at $85.34 to the current price reinforces the bullish sentiment, which is further emphasized by the presence of the 200-Day EMA at $83.24. Considering these factors, the outlook for UKOIL remains bullish above the pivotal $85.13 mark, suggesting the possibility of continued appreciation unless there is a breach to the downside.