NGAS

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NGAS

The natural gas futures contract maintained its under-pressure outlook yesterday after the US Energy Information Administration announced a higher-than-expected increase in stocks. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.13-2.08 support, an upward outlook may be at the forefront. In possible increases, 2.27 and 2.32 levels can be targeted. In possible decreases, the attitude of the 2.13-2.08 support can be followed. A break of this support and hourly closings in the region may bring the 2.01 and 1.94 levels to our agenda. Support: 2.13-2.08 Resistance: 2.27-2.32