NGAS

With the predictions of increased production in the US bringing high supply concerns to the forefront again, we followed an effective decline in natural gas futures yesterday. Some of these losses were recovered in the Asian session. The course of European and US stock markets can be followed during the day. In addition to weather forecasts, production and stock figures will also be followed during the week. As long as the prices remain at and above the 2.45 - 2.39 support supported by the 20 and 50-period exponential moving averages, the upward outlook may be at the forefront. In possible increases, the 2.54 and 2.59 levels can be targeted. In possible decreases, the attitude of the 2.45 - 2.39 support can be followed. The breakdown of this support and hourly closings in the region may bring the 2.35 and 2.29 levels to our agenda. Support: 2.45 - 2.39 Resistance: 2.54 - 2.59