NGCUSD

U.S. natural gas futures continue to trend upward due to high liquefied natural gas trading and cold weather forecasts. Predictions of cold weather lasting until February 22 support expectations that demand will remain strong.

If prices stay above the support levels of 3.430 - 3.470, further upward movements are likely. In the event of a rise, levels of 3.570 and 3.620 may be targeted, while in declines, the status of this support level should be closely monitored. A break of this support could create a new agenda for levels at 3.370 and 3.330. The crucial level of the day is: 3.430 - 3.470.