NGAS

Following the profit sales seen yesterday, US natural gas futures showed an effort to recover above the 2.854 support and climbed above the averages again. At the beginning of the week, warm weather forecasts for the rest of June had been supportive for the price. As long as the prices remain above the 2.86 - 2.82 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.94 and 2.99 levels may be targeted. In possible decreases, the attitude of the 2.86 - 2.82 support may be monitored. A break of this support and hourly closings in the region may bring the 2.75 and 2.69 levels to our agenda. Support: 2.86 - 2.82 Resistance: 2.94 - 2.99