NGCUSD

U.S. natural gas futures continue to remain under pressure due to increasing production and temperature forecasts above seasonal norms. This situation led to profit-taking following last week's marathon. Additionally, the weakness observed in Asian indices and the upcoming monetary policy statement from the Fed increase the risk aversion trend in the markets. Global economic uncertainties and expectations regarding U.S. retail sales are also affecting natural gas markets.

When analyzed on the chart, the NGCUSD pair faces resistance at the 3.04, 3.07, and 3.10 levels on the 4-hour timeframe. If the downward movements continue, the 2.975, 2.95, and 2.91 levels can be monitored as support. The RSI indicator is at the 49 level, presenting a neutral outlook. A 0.25% decline is observed in the pair compared to the previous day, indicating that the downward pressure may continue for a while.