NGCUSD

U.S. natural gas prices are experiencing fluctuations due to production levels and expected mild weather conditions. Prices show a flat trend ahead of storage data releases today. The storage data could trigger new price movements in the markets. The mixed trends in Asian markets and U.S. economic data may have indirect effects on natural gas prices. Meanwhile, statements by Fed Chairman Powell and the overall U.S. economic outlook are among other factors closely monitored by investors.

Technically, as long as it remains below the 3.1 resistance zone on the NGC/USD charts, downward pressure may continue. In this scenario, the 3.01 and 2.975 levels stand out as support. In upward movements, surpassing the 3.1 resistance could set new targets at the 3.125 and 3.15 levels. The RSI indicator presents a neutral outlook, indicating no clear trend in the pair. Compared to yesterday, a slight increase in natural gas prices is observed, but exceeding the resistance level is crucial for the development of a significant trend.