NGAS

Although US natural gas futures have recovered after rising demand due to rising temperatures, we saw profit taking accelerate after the inventory data released yesterday. Despite the US Energy Information Administration announcing an increase in inventory below Friday's surveys, the sales drew attention. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 2.63 - 2.57 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.72 and 2.75 levels can be targeted. In possible decreases, the attitude of the 2.63 - 2.57 support can be monitored. A break of this support and hourly closings in the region may bring the 2.49 and 2.45 levels to our agenda. Support: 2.63 - 2.57 Resistance: 2.72 - 2.75