NGAS

image

NGAS

After US natural gas futures were subject to profit sales, we saw that it quickly recovered its losses with the focus on summer demand and milder expectations in stocks. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 2.73 - 2.67 support supported by the 20 and 50-period exponential moving averages, the upward trend may be at the forefront. In possible increases, 2.82 and 2.85 levels can be targeted. In possible decreases, the attitude of the 2.73 - 2.67 support can be followed. A break of this support and hourly closings in the region may bring the 2.59 and 2.55 levels to our agenda. Support: 2.73 - 2.67 Resistance: 2.82 - 2.85