NGCUSD

U.S. natural gas futures are settling into a calm pattern following a low-volume rise during the Thanksgiving holiday. The direction of European and U.S. markets could influence natural gas pricing. In the Asian market, consumption growth in China and inflation developments in Japan are being monitored, while inflation data in the Eurozone draws attention. These developments may provide clues about price movements in global energy markets.

The NGCUSD pair is fluctuating between the 3.260 – 3.330 range on the 4-hour chart. As long as it remains below the 3.260 support, the downward trend may continue, targeting the 3.215 and 3.185 levels. In upward movements, if the 3.330 resistance is exceeded, the 3.370 and 3.400 levels may come into focus. The RSI indicator is at 42, suggesting the market is in a neutral to slightly negative trend. The pair, which showed a 0.32% increase compared to the previous day, appears open to short-term fluctuations.