Crude Defends Its Channel Edge as Nat Gas Presses Contract Lows

Written on 10/28/2026
Phillip Streible

Crude bounced off the upper edge of its rising channel as Iran strike headlines, official inventory data, and the Fed decision all land on the same day. December nat gas is trading within a few cents of its contract low while funds roll their shorts forward. Key levels and bias for both markets are inside.Gas flame with blue reflection on dark backdrop by Bellanatella via iStock
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