NGAS

US natural gas futures continued to rise, supported by low production outlook and warm weather forecasts. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.12 - 2.08 support supported by the 20-period exponential moving average, an upward outlook may be at the forefront. In possible increases, 2.21 and 2.28 levels can be targeted. As long as possible decreases are limited by the 2.12 - 2.08 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.08 and 4-hour closings for the continuation of the downward desire. In this case, 2.01 and 1.98 levels may come to the agenda. Support: 2.12 - 2.08 Resistance: 2.21 - 2.28