NGCUSD

U.S. natural gas futures continued their recovery efforts driven by strong increases in liquefied natural gas exports and news of production declines. During the Asian session, prices remained stable. Throughout the day, movements in European and U.S. stock markets, as well as inventory data to be released by the U.S. Energy Information Administration, will be closely monitored.

As long as prices stay above the support level of 4.120 – 4.160, an upward trend may be observed. In the event of potential rises, targets could be set at the levels of 4.270 and 4.330, while a close below the support level could bring the 4.040 level into play. Therefore, the range of 4.120 – 4.160 is considered critical for the day.