NGAS

US natural gas futures started the new week with a recovery effort after being suppressed by the increasing and historically high stock levels in the US. While this recovery effort is not enough to change the downward outlook for now, the course of European and US stock markets can be followed during the day. As long as the prices remain above the 1.98 - 1.92 support, the upward outlook may be at the forefront. In possible increases, 2.08 - 2.15 levels can be targeted. In possible decreases, the attitude of the 1.98 - 1.92 support can be followed. A break of this support and hourly closings in the region may bring the 1.88 and 1.82 levels to our agenda. Support: 1.98 - 1.92 Resistance: 2.08 - 2.15