NGAS

U.S. natural gas futures saw some profit taking in the Asian session after consolidating gains as markets shifted focus from strong production levels to cooling demand. Demand is expected to increase due to warmer weather conditions, especially in the southern U.S. The course of European and U.S. stock markets can be monitored during the day. As long as prices remain above the 2.72-2.68 support, an upward trend may be at the forefront. In potential increases, 2.84 and 2.92 levels can be targeted. In potential decreases, the stance of the 2.72-2.68 support can be monitored. A break of this support and possible hourly closings in the region could bring the 2.62 and 2.54 levels to our agenda. Support: 2.72-2.68 Resistance: 2.84-2.92