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Natural Gas - Short-term thoughts around 2.70
Interesting to see $NATGAS hovering right around the 2.70 mark today. We've seen some solid movement, but it feels like there's a bit of hesitation here. I'm keeping an eye on the 2.725 high as a potential breakout level, but the downside risk around 2.694 is also very real if it doesn't hold. What's everyone's read on this price action for the immediate future?
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I'd be careful relying too much on those intraday levels. Natural gas has a history of faking out breakouts and breakdowns, especially around these more psychological price points. What's the broader macro outlook telling you?