NGCUSD

U.S. natural gas futures continue to be under pressure in early February due to the influence of weather forecasts. During the day, the movements of European and U.S. stock markets should be monitored closely.

If prices remain below the resistance levels of 3,100 – 3,140, a downward trend may become prominent. In potential declines, the levels of 3,040 and 2,975 can be targeted, while the 3,100 – 3,140 resistance zone is critical for upward movements. Hourly closes above this level could gain momentum towards the levels of 3,190 and 3,250. The significant level of the day is the range of 3,100 – 3,140.