NGCUSD

U.S. natural gas futures continue their upward trend, supported by weather forecasts and ahead of the inventory figures to be released today. Inventory data to be announced by the U.S. Energy Information Administration and the general trend of European and U.S. stock markets may impact the direction of the pair. Additionally, U.S. and U.K. monetary policy decisions on a global scale, along with uncertainties caused by potential policies from Trump, are also significant factors in the natural gas market.

Technically, the NGCUSD pair is trading at the 2.36 level, recording a 1.72% increase. On the daily chart, 2.7, 2.675, and 2.65 levels are monitored as support for the pair, while 2.76, 2.8, and 2.82 levels can be followed as resistance. The RSI indicator currently displays a positive outlook, supporting the potential for a rise in the pair. Based on these indicators, the upward trend is expected to continue as long as price movements remain above the 2.7 support levels.