NGCUSD

U.S. natural gas futures remain under pressure due to above-normal temperatures in the southeastern region. The volatility in the markets may increase as investors follow the course of European and U.S. exchanges along with the Fed's monetary policy statements. Additionally, the Fed's interest rate policy and movements in U.S. technology stocks could indirectly affect natural gas prices.

According to the technical analysis on the NGCUSD pair, as long as prices remain below the 3.150 – 3.215 resistance zone, the downward pressure may continue. In downward movements, the 3.040 and 2.975 support levels can be watched. With the RSI indicator displaying a negative outlook, a 0.53% retracement in prices has been observed. For an upward recovery, it is important to exceed 3.215 and ensure hourly closings above this level. In this case, the 3.295 and 3.360 levels may come into focus.