NGCUSD

U.S. natural gas futures have demonstrated an upward movement influenced by strong flows to liquefied natural gas facilities, yet they have remained balanced in the Asian session due to weaknesses in demand caused by warm weather forecasts. Uncertainties regarding the trajectory of European and U.S. stock markets could affect natural gas pricing. Inflation data to be released in the U.S. and economic policies in China may have significant impacts on the markets. In light of these factors, the natural gas market is closely monitoring external developments.

From a technical perspective, the NGCUSD pair is managing to hold above the 3.150 support level on the 4-hour chart. In upward movements, the levels of 3.215 and 3.260 can be monitored as resistance. In potential downward movements, if the 3.150 support level is broken, it is projected that the price could retreat to the levels of 3.125 and 3.100. The RSI indicator is exhibiting a positive outlook at the 60 level. The pair has gained 0.74% in value compared to the previous day's close, indicating that the upward momentum continues.