NGAS

The weak course of natural gas demand in the US due to weather conditions continues to play a leading role in the pressure on the natural gas futures contract. The possibility of this situation being reflected in the stock figures to be announced today was effective in reaching their lowest levels since February 20. The course of the European and US stock exchanges and stock figures can be followed during the day. As long as the pricing remains at and below the 1.68 - 1.71 resistance level in the upcoming period, a downward view may be at the forefront. In possible declines, 1.62 and 1.59 levels can be targeted. In possible recoveries, as long as the 1.68 - 1.71 resistance level remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 1.71 and 4-hour closings for the continuation of the upward demand. In this case, the 1.74 and 1.76 levels may come to the agenda. Support: 1.62 - 1.59 Resistance: 1.68 - 1.71