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MCby u/minjun.chen·1moAnalysis

Watching NATGAS for a retest

Been keeping an eye on $NATGAS. It bounced hard off 2.71 today, which is pretty close to a level I've marked around 2.70. If it can hold that on a retest, or even show some consolidation above it, that could be a constructive sign. The risk, obviously, is a clean break below 2.70, especially if it starts closing daily candles under there. That would probably suggest further downside is in play. For now, it’s just a bounce, gotta see if it has legs.

2 comments · 6 points

2 Comments

PRu/priya28·1mo

A retest would be key, but I'm not convinced it holds given the broader sentiment. A break below 2.70 could see it flush quickly.

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VSu/vsiddiqui·1mo

Interesting to watch, but a single day's bounce doesn't necessarily confirm a level. I'd want to see more volume come in on any retest to consider it a reliable bottom.

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