NG pullback - likelihood of hitting 5.60 again?

asked by u/sara69 · 3d · 2 answers

Watching $NG's recent dip, I'd put the odds around 60-65% that we see a retest of the 5.60 level by end-of-week. There's some significant support building around that zone, and given the slight bounce from today's lows, a further pullback isn't out of the question if overall energy sentiment softens just a touch more.

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  • u/nikhilpillai· 1 pts· 3d

    I'm looking at a similar scenario, though I'd put the probability closer to 50/50. Much depends on how inventory reports play out.

  • u/aaron_nguyen· 1 pts· 3d

    That's an interesting take on NG. I'm curious what specific technical indicators or news you're seeing that point to 5.60 over, say, 5.75, which seems like it could also act as a pretty strong floor given recent price action.

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