NGCUSD

U.S. natural gas futures have risen above the $4 level due to demand for liquefied natural gas exports and decreasing inventories. Despite high production levels, staying below the 5-year average has supported prices. This situation has led to the end of the previously mentioned upward consolidation below $4. Throughout the day, the movements of European and U.S. markets can be monitored closely.

As long as prices remain above the support level of 4.035 – 4.090, an upward trend may continue. In the event of a rise, targets could be set at 4.200 and 4.260 levels. Conversely, if prices decline, attention should be paid to the status of the 4.035 – 4.090 support. A break of this support could lead to movements towards the 4.000 and 3.940 levels with hourly closures. Key levels for the day: 4.035 – 4.090.