NGAS Here is an AI summary analyzing the last three days of price, open interest, and volume:
Bearish sentiment driven by long liquidation, not aggressive short selling. Price declined steadily, open interest fell slightly, and volume peaked on the first drop then declined, suggesting the move is losing momentum. No signs of strong bearish conviction yet, but also no buying support—market drifting lower due to weak demand.
NATGAS EIA forecast: The inventory is gettig filled like no other years. huge production but low demand. but we expect price to reach $6!! why? Because we beleive so!!!
NATURALGAS we got a correction from the swing high of previous week, currently the swing low appears exhausted at 4h, 1h and 15m (though markets can keep moving in a direction even after exhaustion). I'm looking for an opportunity to enter long either if we break above and hold the recent broken support 3.59 or if price tests and holds the next support level at 3.50. Based on the negative volume index, retailers are at a minimum while institutional traders started buying the dip. There was a liquidity gap at 4h 3.65-3.55 which appears to have been filled. Good luck everyone! PS: charts from left to right 1w, 1d, 4h, 1h, 15m