NGCUSD

U.S. natural gas futures have found support from the cold wave at the beginning of February, but the mild weather expected until mid-March negatively affects heating demand. This situation has led prices to test their lowest levels since mid-February. It is important to pay attention to the movements of European and U.S. markets throughout the day.

If prices remain below the resistance levels of 3,800 – 3,860, a downward trend may emerge. In potential declines, levels of 3,690 and 3,655 can be targeted. If a recovery occurs, it will be beneficial to monitor the status of the 3,800 – 3,860 resistance levels. Breaking through this resistance could bring levels of 3,940 to 4,000 into focus. The critical level of the day: 3,800 – 3,860.