NGAS

In the US, natural gas prices have lost almost 30% of their value since the beginning of the year, as the declines were supported by the weak demand for heating during the winter season. While the first quarter ended in this way, we will continue to follow the weather forecasts as well as stock and production figures this week. As long as the prices remain at and below the 1.68 - 1.74 resistance in the upcoming process, a downward outlook may be at the forefront. In possible declines, the 1.62 and 1.57 levels may be targeted. In order for the upward desire to continue, it may be necessary to see the course above 1.74 and daily closings. In this case, the 2 Dollar region may come to the agenda. While the potential for decline may continue until the 2 Dollar region, which is also a psychological barrier, is broken, persistence above this resistance may allow the correction area to expand and the 2,250 resistance to come to our agenda. Support: 1.62 - 1.57 Resistance: 1.68 - 1.74