NGCUSD

U.S. natural gas futures recovered some of their losses after a larger-than-expected decrease in stocks. The cold weather anticipated tomorrow and the drop in production are causing fluctuations in the markets. The performance of European and U.S. exchanges may be closely monitored throughout the day.

If prices continue to stay within the support range of 4.090 – 4.140, an upward trend may be observed. Possible increases could aim for levels of 4.260 and 4.320 following the resistance at 4.200. However, if the support at 4.090 – 4.140 is breached, levels of 4.035 and 3.950 may come into focus. The significant levels of the day include 4.090 – 4.140.