NGCUSD

U.S. natural gas futures are on an upward trend due to high demand for liquefied natural gas exports. The fact that stock levels remain below the average of the last five years supports this positive outlook. However, the ongoing mild weather forecasts until mid-March are also noteworthy. Throughout the day, the status of European and U.S. markets can be monitored along with stock data to be released by the U.S. Energy Information Administration.

If prices stay above the support level of 4,320 – 4,400, an upward movement is expected to continue. In potential rises, levels of 4,465 and 4,530 could be targeted. In the case of declines, the support levels within the 4,320 – 4,400 range are critical. Breaking this support could bring the levels of 4,260 and 4,210 into play.