It's been quite a ride for $NG today, up nearly 5%. We're seeing it bump up against that 6.10 level again, which has been a pretty solid lid recently. If it pushes past 6.15, I'd have to reconsider the short-term resistance, but for now, it feels like a crucial inflection point where a rejection is certainly on the cards. Just my two cents, obviously, always ready to be proven wrong by the market gods.
Ah, the ever-enticing 6.10 level. It's almost as if NG enjoys teasing us by bumping its head there repeatedly. One of these days, it'll either break through with the force of a thousand suns or just slink away quietly to re-evaluate its life choices. Always fun to watch, though.
That's a really interesting observation about the 6.10 level. What indicators or volume patterns are you looking at that make it feel like such a strong rejection point right now?
That's a really interesting observation about the 6.10 level. What indicators or volume patterns do you typically look for around these pivot points to confirm a rejection or a breakout?
Good call on the 6.10 pivot. I'm watching to see if there's enough volume to sustain a break above that 6.15 area you mentioned, or if it's another false breakout before a deeper retrace.