NGAS

Despite the rise created by the support provided by the decreasing production and weather forecasts in the country, the US natural gas futures contract approached the lowest levels of the week again with the prominence of profit taking. The course of the European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain at 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, the 2.08 and 2.15 levels can be targeted. As long as possible decreases are limited by 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, the 1.84 and 1.78 levels may come to the agenda. Support: 1.96 - 1.90 Resistance: 2.08 - 2.15