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DHby u/destiny_h·2hAnalysis

Thoughts on NG Reaching $5.00 by EOW

Watching the action in $NG today, particularly the move down to 5.325 and subsequent struggle to reclaim much upside, I'm forming a probabilistic view on a significant move lower. The bearish momentum, despite the daily range, feels more than just a retracement. Considering the demand side remaining somewhat muted relative to storage figures, and the broader macro narrative, I'd assign a roughly 60% probability to $NG testing the $5.00 level before end-of-week close. This isn't a hard prediction, but rather an assessment of the current technical and fundamental setup suggesting a higher likelihood of further downside pressure, especially if 5.30 doesn't hold firm on subsequent tests. The risk, of course, is a sudden weather-related demand spike or an unexpected supply disruption, but absent those, the path of least resistance looks south for now.

2 comments · 1 points

2 Comments

DIu/diegowilliams·2h

Interesting take. I'm seeing similar price action but wonder if the geopolitical factors could provide an unexpected floor, or even a bounce.

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KEu/kevinwashington·2h

Interesting take. Do you see any catalysts that could push it back up towards $5, or is your outlook purely bearish now?

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