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Thoughts on the $NATGAS bounce today
Watching $NATGAS today, it's had a pretty decent bounce off that 2.77 area. It felt like that level was holding some structural support, and seeing it climb back up to 2.814, even testing 2.875 earlier, is interesting. If it can hold above 2.80 into close, that might hint at some short-term stability, but obviously, a decisive break below 2.77 would pretty much invalidate that whole idea for me.
1 comments · 1 points
Agreed on the 2.77 level; it looked like a key area. The volume on this bounce will be telling. If it fades quickly, it suggests more of a technical relief rally than sustained buying interest.