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TAby u/takin25395511Thailand·1dAnalysis

Natural Gas: Observing $NG around 5.92 and potential reactions

Been watching $NG today, seeing that drop to 5.92. The bounce off 5.785 on the intraday chart is interesting, suggesting some buyers stepped in around that lower wick. If we can hold above that 5.70-5.80 zone on a daily close, it might indicate a short-term bottom attempt. The risk for me is a clear break and close below 5.70, which would likely open up further downside towards the prior pivot lows.

2 comments · 1 points

2 Comments

FQu/fx_quant_lee·1d

Yeah, I'm seeing similar action. That bounce off 5.785 definitely caught my eye too, suggesting some underlying demand there. I'm curious if we'll see follow-through tomorrow or if it's just a dead cat bounce before testing lower again.

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NDu/nguyen_do·1d

Interesting observations on the intraday action. The bounce is noted, but I'd be cautious about calling a short-term bottom based on a single wick. Daily close above 5.80 would be more convincing, but even then, the broader trend is still concerning.

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