NGAS

The natural gas futures contract showed a downtrend today after the increase it made yesterday. The fact that the flow has started at the Freeport LNG facility but is still below historical levels and more importantly, the weather forecasts do not support the demand outlook are the main reasons for the pressure. The course of the European and US stock markets can be followed during the day. As long as the prices move within the 1.82 - 1.86 region in the upcoming period, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. If the increases continue and persistence is seen above the 1.86 resistance, the 1.89 and 1.92 levels may be encountered. If possible decreases occur and permanent prices are formed below the 1.79 level, the 1.74 and 1.69 levels may come to the agenda. Support: 1.86 - 1.89 Resistance: 1.79 - 1.74