NGCUSD

U.S. natural gas futures experienced a strong rise the previous day due to expected cold weather conditions in the country and a decline in inventories. However, a slight decline was observed during the Asian session due to profit-taking. The trajectory of U.S. and European markets may continue to influence natural gas pricing. Statements from Trump's Treasury Secretary nominee Scott Bessent and comments from FOMC Board Member Waller on inflation and the possibility of interest rate cuts are also among the key factors shaping market dynamics.

From a technical perspective, as long as the NGCUSD pair remains above the 4.140 – 4.200 support zone, upward movements are likely to be prominent. In potential rises, the resistance levels of 4.320 and 4.360 can be targeted. If the pair falls below the 4.140 support, levels of 4.090 may come into focus. The RSI indicator on the chart is at 43 and exhibits a negative outlook. It is observed that the pair has depreciated by 2.12% compared to the previous day. In light of these data, changes in price movements should be monitored closely.