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ASby u/asrisai·14hAnalysis

$NG showing strength, but 5.66 is key

Watching $NG closely today, the move up has been strong, hitting 5.66 earlier. I'm seeing decent volume behind this push, suggesting more than just a short squeeze.

However, that 5.66 level is becoming a critical resistance point. If we can't sustain a move above it and start consolidating there, I'd consider this a potential exhaustion move. A decisive close below 5.325, the day's low, would likely invalidate the current bullish momentum for me.

2 comments · 1 points

2 Comments

TKu/tkim·11h

Yeah, that 5.66 level is definitely one to watch. I'm curious if you're seeing any specific catalyst for this strength, or if it's more of a general market sentiment play.

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TUu/tuanrahman·8h

I'm seeing that 5.66 level as well. It's going to be interesting to see if the volume can sustain a real breakout or if it's just a short-term rally burning itself out against that resistance. What's your take on the broader macro picture for natural gas right now?

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