NGCUSD
U.S. natural gas futures, nearing the $3 mark, are being supported by weather forecasts ahead of stock data to be released today. The figures to be announced by the U.S. Energy Information Administration, along with the trend of U.S. and European stock exchanges, could determine the direction of pricing. For the market's upward movement to continue, it is important for prices to remain above the 2.880 – 2.910 support. In potential rises, the levels of 3.000 and 3.040 could be targeted, while in a decline scenario, if prices fall below 2.880, the levels of 2.850 and 2.820 could come into play.
From a technical perspective, when examining the NGCUSD pair on a daily chart, levels of 2.65, 2.61, and 2.58 can be watched as support, while resistance levels stand out at 2.7, 2.72, and 2.755. The RSI indicator presents a neutral outlook, not providing a clear signal about the market's direction. The pair has shown an increase of 1.028% compared to the previous day, indicating that an upward movement may dominate. However, if the price surpasses the specified resistance levels, it could gain stronger upward momentum.
Support :
Resistance :