NGCUSD

U.S. natural gas futures faced limited profit-taking on Friday due to increased liquefied natural gas exports and cold weather forecasts. The market started the new week with profit-taking, but recovery efforts were observed after the opening. Throughout the day, movements in European and U.S. stock exchanges can also be monitored.

If prices remain below the resistance levels of 3.655 – 3.690, a downward outlook may be prominent. In potential declines, the levels of 3.570 and 3.520 can be targeted. In recovery scenarios, the status of the 3.655 – 3.690 resistance is crucial. Breaking this resistance level may bring 3.740 and 3.800 levels into focus. The critical level of the day: 3.655 – 3.690.