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Understanding Support & Resistance with NG's Recent Dance
Watching $NG today dip to 5.705 and then bounce back to 5.83, only to hit 5.97 earlier and fade, it's a textbook demonstration of dynamic support and resistance. That 5.70-5.75 area looked like an attractive floor where buyers stepped in, while 5.95-6.00 seems to be acting as a ceiling, for now. It's not about magic lines, but psychological levels where order flow shifts; understanding these zones helps frame potential entries and exits, or at least identify areas where things get interesting. Keep an eye on whether $NG can sustain above 5.90, or if it tests that 5.70 region again.
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