NGAS

The natural gas futures contract seems to be under pressure due to the problems in returning the Freeport facility to full capacity and the possible hawkish Fed agenda. The course of the US stock markets and the Fed monetary policy statement can be followed during the day. Since we are far from all averages, we will follow the support areas in the region for now. As long as the prices remain at and above the 1.70 - 1.66 support, the upward view may be one step ahead. In possible increases, the 1.76 and 1.82 levels can be targeted. In decreases, as long as the 1.70 - 1.66 support remains current, new upside potential may occur. 4-hour closings below 1.66 may cause the correction area to expand and the averages to be questioned. Support: 1.70 - 1.66 Resistance: 1.76 - 1.82