NGC USD

image

NGC USD

The US natural gas futures contract tested the highest levels in nearly three weeks due to the effect of hot weather forecasts. The course of European and US stock markets and the stock data to be announced by the US Energy Information Administration will be monitored during the day. As long as prices remain above the 2,140-2,180 support, the upward trend may continue and the 2,250 and 2,290 levels may be targeted. If possible declines are limited to the 2,140-2,180 support, a new uptrend may occur. However, for the continuation of the downward trend, a course below the 2,140 level and 4-hour closings are required, in which case a pullback to the 2,110 and 2,060 levels may occur.