FX.co ★ Natural Gas (NG)

#NG Hello traders. Currently, the natural gas market in the USA is characterized by stability and moderate strength. The recent drop in futures, following a rise, was triggered by a revision of weather forecasts. However, despite this, domestic supply fully meets demand. Additionally, LNG export terminals are operating at maximum capacity, limiting the potential for increased shipments abroad, even with rising global prices due to geopolitical tensions. Options data indicate a shift in sentiment in favor of buyers, with increased interest in price growth and a weakening of selling pressure. The increase in volatility suggests potential for active price fluctuations. Thus, the overall market sentiment remains rather bullish, but with the possibility of sharp movements. In the current market situation, buying towards the resistance zone of 3.025-3.048 is preferable. If buyers demonstrate sustainable strength and the price consolidates above 3.048, further growth towards the level of 3.105 is anticipated. However, if sellers manage to take the initiative and form a reversal pattern within the price range of 3.025-3.048, a downward price movement towards 2.865 is expected.