NGCUSD

U.S. natural gas futures continue to experience profit-taking following previous periods. The anticipated cold weather conditions until February 22 and the strong trend in liquefied natural gas exports have supported this situation. Movements in European and U.S. stock markets can be closely monitored throughout the day.

As long as prices remain below the resistance levels of 3.590 – 3.620, a downward trend may be observed. In the event of a decline, levels of 3.520 and 3.475 can be targeted. If a recovery occurs, it will be important to observe how the 3.590 – 3.620 resistance levels perform. If this resistance is broken, hourly closures could bring levels of 3.655 and 3.690 into focus. The significant level for the day is: 3.590 – 3.620.