NGCUSD

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NGCUSD

The US natural gas futures contract climbed above low-period averages this week, creating a limited rally with the expectation that production and storage activities will decrease seasonally. 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 1.98 - 1.92 support, the upward view may be in the foreground. In possible increases, 2.16 - 2.22 levels can be targeted. In possible decreases, the attitude of the 1.98 - 1.92 support can be followed. A break of this support and hourly closings in the region may bring the 1.86 and 1.78 levels to our agenda. Support: 1.98 - 1.92 Resistance: 2.16 - 2.22