NGAS
The natural gas futures contract in the US, which was suppressed by weather conditions, has experienced a limited recovery after testing the lowest levels since February 23. Despite the recent production cut decisions, the lack of a recovery in demand is pressuring prices. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and below the 1.740-1.76 resistance level in the upcoming period, a downward outlook may be at the forefront. In possible declines, 1.68 and 1.66 levels can be targeted. In possible recoveries, as long as the 1.74-1.76 resistance level remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.76 and 4-hour closings for the continuation of the upward demand. In this case, 1.78 and 1.81 levels may come to the agenda. Support: 1.68 - 1.66 Resistance: 1.74 - 1.76