NGCUSD

U.S. natural gas futures are under pressure due to a smaller-than-expected drop in inventories. Near-record production is influencing this situation; however, stocks are still below the average of the last five years. Additionally, mild weather conditions expected until mid-March are another significant factor putting pressure on prices.

If prices remain below the 4.330 resistance level, a downward outlook may continue. In the event of a decline, the 4.210 and 4.170 levels could be targeted. If prices recover, the status of the 4.330 resistance should be closely monitored. Breaking this resistance level could lead to the emergence of the 4.400 and 4.465 levels. The critical level of the day: 4.330.