NGCUSD

U.S. natural gas futures initially rose on expectations that cold weather forecasts would increase heating demand, but then showed a gradual decline. Production is in a recovery phase following disruptions in January. Throughout the day, movements in European and U.S. stock markets can also be closely monitored.

If prices remain above the support level of 3.250 – 3.290, an upward trend may emerge. In the event of potential increases, levels of 3.370 and 3.415 could be targeted, while during declines, the status of this support level should be observed. Should the support level be broken, levels of 3.220 and 3.180 may come into play. Among the significant levels of the day, the range of 3.250 – 3.290 stands out.