NGCUSD

U.S. natural gas futures showed some recovery mid-week following declines influenced by weather forecasts. Alongside the trends in the European and U.S. markets, the inventory figures to be announced by the U.S. Energy Information Administration could impact the market's direction. Limited optimism in Asian markets and the Federal Reserve's decision to keep interest rates unchanged are also factors shaping market dynamics. The European Central Bank's expectations for interest rate cuts aim to stimulate economic growth.

Technically, the NGCUSD pair is fluctuating in the 3.140 – 3.190 range. Closures below the 3.140 level could indicate a downward trend toward the support levels of 3.100 and 3.040. In upward movements, if the 3.190 resistance is broken, the targets might be the resistance levels of 3.250 and 3.295. The RSI indicator is at 60 and displays a positive outlook. The pair is trading with a 0.44% increase compared to the previous day.