NGAS

image

NGAS

Natural gas futures in the US showed an effort to recover in the Asian session after being suppressed by uncertainty about the flow of liquid natural gas and the relatively weak demand outlook. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. Since all averages are far from each other, we will follow the support areas in the region for now. As long as the prices remain at and above the 1.72 - 1.68 support, the upward trend may be one step ahead. In possible increases, 1.78 and 1.82 levels can be targeted. In decreases, as long as the 1.72 - 1.68 support remains current, new upside potential may occur. 4-hour closings below 1.68 may cause the correction area to expand and the averages to be questioned. Support: 1.72 - 1.68 Resistance: 1.78 - 1.82