NGCUSD

US natural gas futures are maintaining an upward trend due to increasing global demand expectations and risks to Europe's energy supply from Russia. Trump's warnings for increased natural gas and oil purchases from Europe also support prices. Additionally, the PCE inflation in the US falling below forecasts puts pressure on the dollar while increasing interest in commodities like natural gas. The trend in European and US stocks should be monitored throughout the day.

Technically, as long as the NGCUSD pair manages to stay above the 3.400 – 3.430 support levels, the possibility of an upward movement persists. Holding above these levels could target the 3.535 and 3.580 resistance levels. However, in the event of a potential decline, breaking the 3.400 – 3.430 support could bring the 3.370 and 3.330 levels into focus. The RSI indicator is displaying a positive outlook, supporting a possible rise. It is observed that there is strong upward momentum in the pair with a 3.44% increase compared to the previous close.