NGCUSD

U.S. natural gas futures remain under pressure with updated weather forecasts for some regions by the end of January, suggesting a possible reduction in heating demand. While efforts to find balance continue in Asian markets following Trump's statements, the course of European and U.S. stock exchanges will be closely monitored today. Trump's signal that he may bring the issue of increasing tariffs on China to the table creates uncertainty in global markets. The slight recovery in U.S. 10-year bond yields and the dollar index are also among the key indicators of the market.

When the NGCUSD pair is technically analyzed, prices exhibit a downward outlook as long as they remain below the 3.415 - 3.470 resistance levels. In case of possible declines, the 3.295 and 3.215 support levels can be monitored. If the pair recovers, new downside potential may continue unless sustainable hourly closings are observed above the 3.415 - 3.470 resistance area. The RSI indicator is at the 35 level, displaying a negative outlook. The pair appears to have depreciated by 0.96% compared to the previous day.