Profit-taking may have served as a material catalyst for today’s move as natural gas has previously declined from $3.60 towards $3.00 without any attempt to rebound. In addition to potential sanctions on Russia, traders react to the bullish OPEC report, which showed that demand for oil remained strong. This article was originally posted on FX Empire More From FXEMPIRE: Gold Prices Forecast: XAU/USD Traders Bracing for Consumer Inflation Report Bitcoin (BTC) Price to $45,000 —Will US Inflation CPI Data Trigger Bullish Reaction?