NGCUSD

U.S. natural gas futures are rising due to increased heating demand with the approaching cold weather conditions. Such weather can cause disruptions in production processes and lead to supply issues. Throughout the day, investors may closely monitor the movements of European and U.S. stock markets.

As long as prices remain above the 3.860 – 3.950 support level, an upward trend may be observed. In the event of a potential increase, resistance levels of 4.02, as well as 4.090 and 4.140, can be targeted. However, if the 3.860 – 3.950 support is broken, levels of 3.800 and 3.740 may come into play. The critical support level for the day is the 3.860 – 3.950 range.