NGCUSD

U.S. natural gas futures started the new week with an increase due to cold weather forecasts, rising exports, and geopolitical risks. Although expectations of increased production might push prices down, trends in the European and U.S. markets and the possibility of increased natural gas demand are driving prices upward. Additionally, the Russia-Ukraine tension and the focus on major central banks' interest rate policies are notable factors in the markets.

The technical outlook on the chart shows that natural gas prices have declined below the 3.44 level. In this case, the 3.40 and 3.37 levels can be monitored as support. For upward movements, the 3.58 and 3.63 levels are tracked as resistance points. The RSI indicator is rising with a positive trend, indicating that the upward potential may continue. Prices showed an 8.68% increase compared to the previous day, maintaining an upward momentum.