NGCUSD
The new import tariffs imposed by US President Trump on Canada, Mexico, and China have had a significant impact on the markets. This situation has also increased activity in energy futures, such as natural gas. The announcement that a lower tariff will be applied to Canada's energy imports could play a supportive role in natural gas prices. Developments in international markets, particularly the trajectory of European and US stock exchanges, continue to affect pricing. The expectation that these tariff implementations might push US inflation upward and potentially keep interest rates high for an extended period is noteworthy.
The NGC/USD pair has risen by 5.46% on the daily chart, reaching the level of 3.707. The first resistance points in the upward movement of the pair are at 3.36 and then at 3.415 levels. If these levels are surpassed, a move towards the 3.47 resistance can be observed. In downward movements, the levels of 3.25 and 3.19 should be monitored as support. The RSI indicator shows a positive outlook and signals strong buying pressure. If the price holds at these levels, a scenario where the upward trend continues could be in play.
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