NGAS

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NGAS

With the support of the near-term weather forecasts and the weakness in production in the US, the natural gas futures contract tested the 1,900 resistance yesterday. However, after the resistance was seen here, a return was made to the compression area of 1,830-1,860. The course of the European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. In the upcoming process, pricings that may occur 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 pricings 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 that may occur 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