NGAS

Natural gas futures, which have been concentrated in the 1.75-1.80 range, supported by weather forecasts since the beginning of the week, are moving close to the lower region of the band before today's inventory figures. PMI data and inventory data to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains at and above the 1.70-1.63 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 1.76 and 1.82 levels may be targeted. In possible decreases, as long as the 1.70-1.63 support level remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 1.70 and 4-hour closings for the continuation of the downward desire. In this case, 1.58 and 1.52 levels may come to the agenda. Support: 1.70-1.63 Resistance: 1.76-1.82