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Natural Gas Price Action Post-Inventory
The $NG reaction today to inventory was, shall we say, muted, closing at $5.83 after touching $5.705 earlier. Feels like the market is already looking past the near-term supply picture and more towards longer-range weather forecasts and export demand dynamics. I'm keeping an eye on whether this resistance around $6 holds, as a clear break could signal renewed bullish sentiment, but right now it feels like a lot of the juice is out of this move for the immediate term. My watchlist is heavy on producers for now, but considering some short-term puts if we can't find conviction above $5.90 soon.
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