NATGAS May Exhibit Rebounds Above 1.56 Support



It is noteworthy that the commodity, which is under the downtrend, is close to the Fibonacci 100.0 percent expansion level. The commodity, which fell below its levels at the beginning of the Russia-Ukraine war, may want to test the lowest levels of the last 1 year. While this region, which points to 1.56 support, is critical, permanence on this region may bring 2.56 resistance in the short term and recovery towards 3.42 region if this is exceeded. On the other hand, if the current pressure goes below 1.56 support, 1.36 and 1.12 levels may come to the fore.