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Spot Natural Gas

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NATURALGAS almost got stopped out but back in the game! that volume came out of nowhere.





NATGAS trade natgas for a few years now and im thinking it will dump till around $3.270 how about u guys?


NATURALGAS resistance at 3.45-3.55 1h still held even after the recent pump and now it appears price is loosing momentum. There might be one final push towards the highs but with 4h in oversold mode and 1h loosing steam - I'm not inclined to buy the dips any more and will be looking for short scalp if price gets rejected again from 3.45-3.55 with volume and momentum.
At this point it seems there's no long entry before price retests 3.20 which is a support on the 1d chart.
Good luck everyone!
Snapshot

NATURALGAS uncanny how the NG news section almost always hints what the price might do where the moves are always the opposite of what news say. and the spread always happens over the next few days. ofc its a sentiment of its own, and not an indicator.

NATURALGAS Get ready for fall. Perfect level to short from here. Expecting minimum 5% fall today, if it continues to fall, it may create new low of month by EOD tomorrow.