NGCUSD

U.S. natural gas futures are tending to approach the $3 level ahead of the positive impact of weather forecasts and today's impending inventory data release. In addition to the trends in European and U.S. markets, the inventory figures to be announced by the U.S. Energy Information Administration are also important for pricing. As long as natural gas prices remain above the 2.880 - 2.910 support levels, the upward trend may be maintained. However, given market dynamics, global factors such as election uncertainty and the FED's interest rate policy should also be considered.

When examining the NGC/USD pair on a daily chart, the price is attempting to recover from the 2.54 support level. In upward movements, the resistance levels of 2.61, 2.65, and 2.675 can be monitored. The RSI indicator is at the 50 level, presenting a neutral outlook. The pair's slight 0.19% rise compared to the previous day's closing indicates that buyers are cautiously present in the market. However, in potential pullbacks, the levels of 2.505 and 2.475 can be considered as new support areas.