Watching $NATGAS here, currently 2.773. I'd put the odds of a retest of today's high around 2.811 within the next 24 hours at ~65%, given the underlying strength we've seen since yesterday's open. Beyond that, a break higher seems less probable for now; resistance around 2.85 is likely to hold heading into the weekend.
I'm seeing similar strength, though I'm curious if the inventory report tomorrow could put a damper on that upward momentum. What are your thoughts on that?
I'm seeing strong resistance building around 2.80 as well, but I'm less convinced it'll push much beyond that even for a retest. The overall trend still feels pretty bearish to me.
Always entertaining to see natural gas try to decide if it wants to be a commodity or a temperamental house cat. Good luck with that retest.
I'm seeing similar patterns, but I'm a bit more cautious on that 2.811 retest given the current volume. Are you seeing any specific indicators suggesting that push?