NGAS

Natural gas futures remain positive with optimism about demand and a declining production outlook. Weather forecasts indicate that higher than normal temperatures may be experienced in the coming days, which supports increased gas consumption to meet electricity demand for air conditioning. The course of the US stock markets and unemployment benefits can be monitored throughout the day. As long as pricing remains at and above the 2.26 - 2.21 region, an upward outlook may be at the forefront. In possible increases, 2.35 and 2.39 levels can be targeted. As long as possible declines are limited by the 2.26 - 2.21 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.290 and 4-hour closings for the continuation of the downward desire. In this case, 2.15 and 2.11 levels may come to the agenda. Support: 2.26 - 2.21 Resistance: 2.35 - 2.39