NGAS

Last week, we saw that despite a decrease in natural gas stocks above expectations, the pressure on prices continued. Before the new stock data to be announced on Thursday, the expectation that heating demand may have increased towards the end of March and increased the melting in stocks and the estimates regarding lower production levels have supported the prices. In the upcoming process, as long as the prices remain at and below the 1.78 - 1.82 resistance, a downward outlook may be at the forefront. In possible declines, 1.70 and 1.64 levels may be targeted. In possible recoveries, as long as the 1.78 - 1.82 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.82 and 4-hour closings for the continuation of the upward demand. In this case, the 1.88 and 1.90 levels may come to the agenda. Support: 1.70 - 1.64 Resistance: 1.78 - 1.82