NGCUSD

US natural gas futures made a strong start to the week with gains of over 9%, but gave back some of those gains during the Asian session. The underlying factors influencing this volatility could be the expiration of Russia's transit gas shipment agreement with Europe via Ukraine at the end of the year and the perception of risks associated with making a new agreement. Throughout the day, the performance of European and US stock markets is expected to impact natural gas prices.

Technically, the NGC/USD pair could find support at 3.63, 3.58, and 3.535 levels on the 4-hour chart. If upward movements continue, the levels of 3.74, 3.8, and 3.86 could act as resistance. The RSI indicator is at level 65 and exhibits a positive trend, which may signal that the upward momentum is continuing. The pair has increased by 7.23% compared to the previous day. Maintaining support levels could be crucial for the continuation of the upward movement.