NGCUSD

U.S. natural gas futures faced profit-taking after a rise influenced by cold weather forecasts, testing the 3.620 level yesterday. The Asian session observed a more subdued market trend. The stock data released the previous day, which exceeded expectations, contributed to the profit-taking.

If prices remain above the 3.570 – 3.620 support levels, upward movements are expected to continue. Potential increases could bring the target levels of 3.690 and 3.740 into focus. However, if the 3.570 – 3.620 support is broken, the 3.520 and 3.475 levels should be monitored. The key levels for the day are notably between 3.570 and 3.620.