NGAS

For NGAS, it is trading higher on Tuesday after the attacks targeting both gas and oil storage facilities between Ukraine and Russia intensified over the weekend. Meanwhile, the understanding between the US and Israel in the Middle East is falling to a low level after the US refrained from vetoing the ceasefire agreement in the UN Security Council. While this situation increases tensions in both the Middle East and Ukraine, investors are pricing in the possibility of increased supply cuts. In the upcoming process, as long as the prices remain below the 1.66 resistance, a downward outlook may be at the forefront. In possible declines, 1.58 and 1.52 levels may be targeted. In possible recoveries, as long as the 1.66 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.66 and 4-hour closings for the continuation of the upward desire. In this case, 1.72 and 1.78 levels may come to the agenda. Support: 1.58 - 1.52 Resistance: 1.66 - 1.72