Natural Gas - Short-term thoughts on the $NG pop and EIA next week
The $NG pop today, touching 6.085 at one point, definitely caught my eye. We've been bouncing around that 5.80-6.00 range for a bit now, and while it's still relatively contained, any move above this feels like it needs a stronger catalyst than what we've had. With the EIA report coming up next week, I'm certainly watching for inventory draws. If we get a significant surprise, particularly with any lingering colder weather forecasts, that could provide the spark needed to push past resistance. My watchlist is heavily weighted towards energy right now, so keeping a close eye on natural gas as a potential leader or laggard depending on how those fundamentals shake out. Not chasing this particular move, but it's putting $NG firmly on my radar for potential plays post-EIA.
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