NGAS

The US natural gas futures contract tried to hold on above $2 after the maturity change, but could not maintain this. The most important factor in this was the confirmation of weak demand expectations with the increase above expectations in the stock figures published on Thursday. The weather forecasts and stock-production figures will continue to be monitored next week. As long as it moves within the 1.70 - 1.74 region, 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 1.74 resistance, the 1.79 and 1.82 levels may be encountered. In case of possible declines and permanent pricing below the 1.70 level, the 1.66 and 1.62 levels may come to the agenda. Support: 1.66 - 1.62 Resistance: 1.74 - 1.79