NGCUSD

U.S. natural gas futures find support from forecasts that expected weather conditions in the country will boost demand and an improving export outlook. However, it was observed that profit-taking became effective following yesterday's gains. During the day, the performance of European and U.S. markets, as well as geopolitical risks and fluctuations in the U.S. 10-year bond yield, are considered to have an effect on the NGCUSD pair. While anticipated changes in interest rates in China did not occur, the limited rise in the U.S. dollar index also draws attention in the markets.

Technically, the NGCUSD pair is trying to stay above the support levels of 3.15 and 3.125. As long as it remains above these levels, the upward trend may continue. In upward movements, the levels of 3.215 and 3.26 can be monitored as resistance. The RSI indicator is at the 51 level, showing a neutral outlook. It is noteworthy that the pair has increased by 0.39% compared to the previous day. In possible declines, hourly closures below the 3.125 support could bring the levels of 3.1 and 3.070 to the forefront.