NGCUSD

U.S. natural gas futures are supported by optimistic expectations regarding export sales and a potentially flexible stance from the Trump administration on export restrictions. The Federal Reserve's recent interest rate cut and cautious economic projections have led to an appreciation of the dollar, while fluctuations may also be observed in opposing assets like natural gas. Developments in European and U.S. stock markets and inventory data to be released by the U.S. Energy Information Administration could impact natural gas pricing.

From a technical perspective, the NGCUSD pair finds support at levels 3.125, 3.100, and 3.070 on the daily chart. For upward movements, resistance levels at 3.185, 3.215, and 3.260 should be considered. The RSI indicator is at level 66, exhibiting a positive outlook. The pair has recorded a 1.37% increase compared to the previous day, suggesting that the upward trend might be maintained. However, attention should be paid to the variability of fundamental data and market dynamics.