NGCUSD

U.S. natural gas futures faced selling pressure following a rise observed prior to the stock data, due to stockpiles falling below expectations. Global economic developments, particularly the trends in U.S. and European markets, could affect gas prices. In Asia, while Trump's statements at the World Economic Forum indicated a more moderate stance towards China, the Bank of Japan's interest rate hike led to an appreciation of the yen. These developments could have an indirect impact on the direction of natural gas prices.

Technically, if the NGC/USD pair continues to remain below the 3.470 - 3.520 resistance levels during the day, downward movements may persist. In potential declines, the levels of 3.415 and 3.360 can be monitored as support. The RSI indicator shows a neutral appearance at the level of 48. In the event of a recovery in the pair, if closures occur above the 3.520 resistance, the 3.570 and 3.620 resistance levels could be targeted. The current price change indicates a decrease of -0.48 percent.