Natural Gas - Still Seeing Downside Pressure?
Watching $NG today, it's still bleeding a bit, down -2.81% with that move below 5.20. Had a feeling we might see some follow-through after the last couple of days, even with the intraday bounce to 5.29. The macro picture with warmer forecasts is definitely weighing on things, and it feels like the market's pricing in lower demand for a bit. Not really looking to step in on the long side here, even for a short-term bounce, until we see some stabilization. Just adding it to the watchlist for now, looking for potential support zones if this weakness persists. Might be a good indicator for some related energy plays down the line, too.
$DOGE is also pretty flat at $0.0717, but that's less surprising given the broader crypto lethargy. Mostly just keeping an eye on it for any sudden moves, but it's not a focus today.
Yeah, it's hard to fight that weather forecast. Looks like any rallies are getting sold into pretty quickly.