NGCUSD

U.S. natural gas futures are displaying a weak outlook again, influenced by weather forecasts for early February. It is possible to monitor the developments in European and U.S. stock markets throughout the day.

If prices remain below the resistance level of 3.100 – 3.140, the likelihood of a downward movement increases. In the event of a decline, levels of 3.040 and 2.975 may be targeted. If a recovery occurs, the status of the 3.100 – 3.140 resistance level is critically important. If this resistance is broken, levels of 3.190 and 3.250 may come into consideration with hourly closures. Among the key levels of the day, 3.100 – 3.140 stands out.