NGCUSD

U.S. natural gas futures have surpassed the $4 level, supported by demand for liquefied natural gas exports and declining stocks. Despite high production, remaining below the 5-year average has been one of the factors supporting the price. This situation has also paved the way for the end of the upward squeeze below $4. Throughout the day, movements in European and U.S. stock markets can be observed.

As long as the price remains above the support level of 4.035 – 4.090, an upward trend may continue. In the event of a rise, levels of 4.200 and 4.260 can be targeted, while in case of a decline, the 4.035 – 4.090 support should be monitored. Breaching this support level may lead to levels of 4.000 and 3.940 coming into focus. The critical levels of the day are 4.035 – 4.090.