NGCUSD

U.S. natural gas futures continue to be under pressure due to milder weather forecasts. Despite a noticeable decrease in stocks, this reduction is considered a pressure factor in the markets as it fell short of expectations. The performance of European and U.S. stock markets should also be monitored closely throughout the day.

As long as prices remain below the resistance level of 3,940 - 4,000, a downward trend may be prominent. In case of any declines, the levels of 3,860 and 3,800 could be targeted. On the other hand, if the resistance of 3,940 - 4,000 is surpassed, the levels of 4,035 and 4,090 may come into focus. Among today's key levels, the range of 3,940 - 4,000 stands out.