NGCUSD

U.S. natural gas futures began the new week with a gain of over 5% following last week's pressure. Although there is no clear news flow regarding this rise, updates on weather forecasts are expected to be monitored throughout the day. In global markets, inflation data from China and the U.S. are being closely watched. These developments may also lead to volatility in the natural gas market. Additionally, the U.S. 10-year bond yield rising to 4.35% and statements from Fed officials may cause fluctuations in the markets.

From a technical perspective, the NGCUSD pair is currently being examined in a 4-hour timeframe. The pair has slipped below the 2.8 support level, retreating to as low as 2.52. On upward movements, 2.85 and 2.88 levels can be monitored as resistance. If downward movements continue, 2.76 and 2.7 support levels could play an important role. The RSI indicator is below the 30 level, displaying a negative outlook. Although there is a daily increase of 9.36%, it points to levels that need careful attention in terms of the overall market outlook.