NGCUSD

U.S. natural gas futures are rising with increased demand forecasts for the coming week. Despite existing inventories being above seasonal averages, the notion that heating demand may have exceeded expectations is amplifying upward pressure in the market. Alongside the trends in European and U.S. exchanges, the Federal Reserve's monetary policy decisions may also influence natural gas pricing. The Fed's announcements this evening could provide clues about interest rate policies, especially for January and beyond, and affect the markets.

From a technical perspective, the NGCUSD pair is trading above the 3.07 and 3.04 support levels. In upward movements, the 3.125 and 3.15 resistance levels could be targeted. The RSI indicator is currently at 60, showing a positive outlook, which indicates that the upward trend may continue. The pair has declined by 0.63% compared to the previous day. In downward movements, if the 3.07 support is broken, the 3.01 level will be monitored as a significant support point.