NGAS

The US natural gas futures contract has taken a horizontal course after the gradual increases provided by the production outlook and warm weather forecasts, which have declined due to low prices. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 2.18 - 2.11 support supported by the 20-period exponential moving average, an upward view may be at the forefront. In possible increases, the 2.28 and 2.35 levels can be targeted. As long as possible decreases are limited by the 2.18 - 2.11 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.11 and 4-hour closings for the continuation of the downward desire. In this case, the 2.08 and 2.02 levels may come to the agenda. Support: 2.18 - 2.11 Resistance: 2.28 - 2.35