NGCUSD

U.S. natural gas futures continued to rise due to cold weather forecasts until February 22. While the increase in export demand is also observed to affect price rises, today's inventory data to be released by the U.S. Energy Information Administration is being closely monitored.

Maintaining prices above the support level of 3.520 – 3.570 could help sustain the upward trend. If increases occur, levels of 3.670 and 3.740 could be targeted. In potential decline scenarios, the status of the 3.520 – 3.570 support level should be monitored; breaking this level could raise concerns towards 3.475 and 3.430 levels.