NGAS

With natural gas stocks in the US not recording the expected decline and the resistance of the 200-period exponential moving average, an effective pullback was followed in the futures contract. The course of European and US stock exchanges can be followed during the day. In the upcoming process, pricing outside of 1.66 - 1.72 and 4-hour closings can clarify the search for direction. The desire for an increase can come to the fore with pricing above 1.78 and 4-hour closings. In this case, 1.72 - 1.78 levels can be targeted. In possible declines, the attitude of the 1.66 support can be followed. The breakdown of this support and 4-hour closings in the region can bring the levels of 1.62 and 1.57 to our agenda. Support: 1.66 - 1.62 Resistance: 1.72 - 1.78