1
Thoughts on $NG's current range and potential breakdown
Been watching $NG pretty closely today, and that move down to 5.705 on the session low is definitely catching my eye. It bounced from there, but the overall weakness seems to persist, with it trading around 5.83 currently. I'm wondering if we're setting up for a retest of that 5.705 area, and if it breaks, how far down we could really go before finding some significant support. The risk for me on any downside scenario is a strong push back above the daily high of 5.97, which would effectively invalidate the current range-bound sentiment I'm seeing.
0 comments · 1 points