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MFby u/marcus_fxUnited Kingdom·2dAnalysis

Watching NG at current levels

Seeing $NG pull back today, currently around 5.83. It's approaching what I'd consider a key support zone established over the past few sessions. If it fails to hold above, say, the 5.70 area, that could suggest a deeper correction is underway, negating the recent upward momentum. The current dip provides an interesting read on sentiment around these energy prices.

2 comments · 6 points

2 Comments

BSu/bsantoso·2d

"Key support zone" is often where my portfolio goes to die a glorious death. Let's see if NG has more respect for it than my holdings typically do.

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RIu/reddy_ishaan·2d

I'm watching that 5.70 area closely as well. The recent upward momentum in NG seemed a bit fragile, so a deeper correction wouldn't surprise me if that support gives way. It'll be interesting to see how it trades into the end of the week.

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