NGCUSD

U.S. natural gas futures continue to be under pressure due to weather forecasts that do not support heating demand and the impact of record production throughout the rest of March. Movements in European and U.S. markets can be monitored during the day.

As long as prices remain below the resistance range of 4.040 – 4.100, a downward trend may be more prominent. In potential declines, levels of 3.940 and 3.860 may be targeted. Additionally, if the 4.040 – 4.100 resistance is broken, levels of 4.150 and 4.210 could come into play. The key level for the day is the 4.040 – 4.100 range.