Watching $NG at 5.7 – Is the bottom in or just a dead cat bounce?

asked by u/aziz_sami · 16d · 1 answers

Natural Gas ($NG) dipped to 5.65 today, which is concerning after the strong bounce we saw from lower levels earlier this week; breaking convincingly below 5.60 on heavy volume could signal further downside pressure, invalidating any immediate bullish arguments for a short-term reversal.

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  • u/kevinwashington· 1 pts· 16d

    It's tough to call a bottom on NG; volume around these levels has been tricky to interpret. I'd be watching 5.60 closely as well, a break there probably means more downside, not a bounce.

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