NGCUSD

U.S. natural gas futures continue to remain under pressure, as weather forecasts for late January and February suggest that heating demand may be weaker than expected. Developments on European and U.S. exchanges could be expected to influence pricing during this process. Global market uncertainties, such as the U.S. temporarily suspending tariffs on Colombia and developments in China's artificial intelligence sector, may also affect natural gas prices.

The NGCUSD pair is trading at the 3.798 level with a 3.97% drop on the daily chart. Resistance levels are observed at 3.36 and 3.415 in upward movements, while potential declines could be supported at 3.215 and 3.15 levels. The RSI indicator is near the 50 level, indicating a neutral market outlook. As long as it remains below the 3.36 - 3.415 resistance zone, the downward pressure is likely to continue.