NGAS

Although US natural gas futures were exposed to profit taking on Friday and indicated that this would continue at the opening of the week, the effort to compensate for the loss after the opening created a mixed picture. The decline in production was followed as a particularly effective headline in the increases. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 2.18 - 2.11 support supported by the 20-period exponential moving average, the 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