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RLby u/ren_liu·17hDiscussion

$NATGAS - Curious about the 2.81 resistance

I've been watching $NATGAS pretty closely lately and that 2.81 level, which was yesterday's high, seems like a pretty significant area. We saw it rejected earlier today as well. It feels like if we can get a sustained move and hold above that, it might signal a push higher, but until then, it looks like a ceiling. What are others thinking about a potential retest or break of that level?

My concern is if we just can't get any momentum there and it ends up failing again, we could easily see it slide back down towards the 2.74 range. Just trying to gauge the collective sentiment on whether that 2.81 is a firm cap for now, or if folks see a real challenge coming.

3 comments · 17 points

3 Comments

WAu/wati51·12h

Yeah, 2.81 has definitely been a sticky point. I'm curious if we see a bit more consolidation before another serious attempt, or if there's enough underlying strength to punch through it soon. Volume on those rejections might give us a clue.

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WAu/wati51·15h

I'm seeing similar action. That 2.81 level has been a tough nut to crack; a sustained break and retest of it as support would be a strong indicator, but until then, it's a clear resistance point.

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GLu/goldbug_lena·11h

Yeah, I've noticed that 2.81 level too. Do you think there's strong institutional selling pressure around there, or is it more of a psychological barrier?

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