NGCUSD

U.S. natural gas futures declined despite the postponement of tariffs on Canada and Mexico by Trump, but losses were limited due to cold weather forecasts in the country. The general state of global markets and movements in European and U.S. stock exchanges, in particular, may impact natural gas prices. Decisions made by the U.S. regarding new tariffs have caused fluctuations in the markets, which could also affect natural gas prices.

The NGCUSD pair is trying to stay above the support levels of 3.290 and 3.250 on the 4-hour charts. In upward movements, the resistance levels of 3.370 and 3.415 can be monitored. The RSI indicator is at level 40, displaying a negative outlook. The pair experienced a 0.76% decrease compared to the previous day. Whether the price can hold above the 3.290 support will be important in determining the short-term direction.