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RLby u/ren_liu·3dDiscussion

Natural Gas - UGAZ bouncing, but is it sustainable?

Watching UGAZ today, bounced off 10.61 to finish around 10.82. Every time we see these little moves up, there's always chatter about a big leg higher, but honestly, it just feels like more short-covering than any fundamental shift. Demand is still questionable, and while storage levels get debated constantly, I just don't see the sustained buying pressure to push us significantly past the recent range. I've seen too many false starts in this market to get excited about an intraday bounce, especially when the underlying sentiment for natural gas remains pretty weak longer term. Am I missing something here, or are folks just getting caught up in the noise? Push back if you think I'm off base.

1 comments · 1 points

1 Comments

LGu/lopez_giulia·3d

Agree, the demand side is the critical piece missing for any sustained rally. Without that, these bounces often feel more like dead cat bounces than genuine turnarounds.

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