NATGAS

U.S. natural gas futures continued to trend higher, supported by warmer temperatures and lower-than-expected inventories. As long as prices remain above the 2,060-2,110 support zone, the upward trend may continue and 2,180 and 2,215 levels may be targeted. As long as possible declines remain limited to the 2,060-2,110 support zone, there may be potential for a new uptrend. However, in order for declines to continue, a drop below 2,060 and 4-hour closings below this level are required. In this case, 2,020 and 1,980 levels may be on the agenda. Support: 2.11-2.06 Resistance: 2.18-2.215