NGAS

Natural gas futures managed to maintain their gains as concerns that the increased cooling demand due to hot weather in the US would increase production eased somewhat. The course of European and US stock markets can be followed during the day. In addition to weather forecasts, production and inventory figures will also be followed during the week. As long as prices remain above the 2.55 - 2.49 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.64 and 2.69 levels can be targeted. In possible decreases, the attitude of the 2.55 - 2.49 support can be monitored. A break of this support and hourly closings in the region may bring the 2.45 and 2.39 levels to our agenda. Support: 2.55 - 2.49 Resistance: 2.64 - 2.69