NGAS

The natural gas futures contract has seen some recovery due to the forecasts that cool weather conditions may occur in two weeks and after Israel responded to the Iranian attacks. The course of the US stock markets can be followed throughout the day. As long as the prices move within the 1.72 - 1.76 region in the upcoming period, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction. If the increases continue and persistence is seen above the 1.76 resistance, the 1.78 and 1.82 levels may be encountered. If possible declines occur and permanent prices are formed below the 1.70 level, the 1.68 and 1.66 levels may come to the agenda. Support: 1.68 - 1.66 Resistance: 1.76 - 1.78