NGAS

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NGAS

In the US, the expectation that demand will increase between April 6-10, with weather forecasts indicating temperatures below seasonal norms, supported the prices. However, the course below $2 continues and the potential for pressure to form in movements below this area seems more likely. Although the 1.76 - 1.78 area welcomes increases, it has brought the decision stage before us due to the accumulation in this area. In the upcoming process, pricing outside of 1.76 - 1.78 and 4-hour closings may clarify the search for direction. The desire for an increase may come to the fore with pricing above 1.78 and 4-hour closings. In this case, 1.82 and 1.88 levels can be targeted. In possible declines, the attitude of the 1.73 support can be followed. The breakdown of this support and 4-hour closings in the region may bring the 1.69 and 1.62 levels to our agenda. Support: 1.73 – 1.69 Resistance: 1.82 – 1.88