NGAS

The continuation of relatively cold weather forecasts in the US supports natural gas futures. However, the recent lag in spot market prices is also a matter to be noted. The course of European and US stock markets and the Fed's monetary policy statement will be the headlines to be followed during the day. As long as pricing remains at and above the 1.71 - 1.68 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 1.78 and 1.82 levels may be targeted. In increases, the 1.82 resistance supported by the 200-period exponential moving average will be closely monitored due to its potential to suppress the increase. In possible decreases, as long as the 1.71 - 1.68 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 1.71 and 4-hour closings for the continuation of the downward desire. In this case, the 1.63 and 1.58 levels may come to the agenda. Support: 1.68 - 1.63 Resistance: 1.76 - 1.82