NGCUSD

U.S. natural gas futures have come under pressure due to mild weather forecasts, but a record increase in liquefied natural gas exports has led to an improvement in the demand outlook. While weather forecasts remain valid, movements in European and U.S. markets should be monitored closely throughout the day.

If prices stay above the support level of 4,000 – 4,040, an upward trend may emerge. During these increases, levels of 4,170 and 4,210 can be targeted. In possible downward scenarios, the status of the 4,000 – 4,040 support level is critically important; if this level is broken, 3,940 and 3,860 levels could come into play. The significant levels of the day include the 4,000 – 4,040 range.