NGCUSD

U.S. natural gas futures are experiencing a downward trend due to market dynamics not supporting bullish expectations. Milder weather conditions are expected to prevail until mid-March. This situation could help reduce heating demand and allow some production factors negatively affected by extreme cold to return to normal. Throughout the day, the performance of European and U.S. stock markets and the inventory data to be announced by the U.S. Energy Information Administration should be closely monitored.

If prices remain below the resistance levels of 4,000 – 4,035, the downward outlook is likely to strengthen. In potential decline scenarios, the levels of 3,940 and 3,860 can be set as targets. In the event of a price recovery, monitoring the resistance levels of 4,000 – 4,035 will be crucial. Breaking through this level may bring new targets in the range of 4,090 to 4,140 into focus.