NGCUSD

U.S. natural gas futures have risen above the $4 level due to demand for liquefied natural gas exports and declining stock levels. Despite high production, the prices remaining below the 5-year average have been a supporting factor for market dynamics. This situation has also contributed to the end of the upward squeeze below $4 that we mentioned the day before. Throughout the day, movements in European and U.S. markets can be closely monitored.

As long as pricing remains within the support range of 4.035 – 4.090, an upward outlook can be expected. In the event of potential increases, targets may be set at the 4.200 and 4.260 levels, while any drop would make the 4.035 – 4.090 support critical. A break of this support could lead to a potential shift toward the 4.000 and 3.940 levels.