NGAS

US natural gas futures are moving close to their highest levels since January, with the outlook for weakening production and expectations for increasing demand. The course of European and US stock markets can be followed during the day. As long as prices remain above and above the 1.96-1.90 support supported by the 20-period exponential moving average, an upward outlook may be at the forefront. In possible increases, 2.08 and 2.15 levels may be targeted. As long as possible decreases are limited to the 1.96-1.90 support, new upside potential may occur. Therefore, it may be necessary to see the course below 1.90 and 4-hour closings for the continuation of the downward desire. In this case, 1.84 and 1.78 levels may come to the agenda. Support: 1.96-1.90 Resistance: 2.08-2.15