NGCUSD

While the US Energy Information Administration raised its 2024 natural gas price forecast due to production restrictions and increasing electricity production demand, the price was seen to recover somewhat as weather forecasts in the US pointed to warm conditions. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 1.92 - 1.88 support, an upward outlook may be at the forefront. In possible increases, 2.08 - 2.12 levels can be targeted. In possible decreases, the attitude of the 1.92 - 1.88 support can be followed. The breakdown of this support and hourly closings in the region may bring the 1.82 and 1.76 levels to our agenda. Support: 1.92 - 1.88 Resistance: 2.08 - 2.12