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ZAby u/zeynep.arslan·1dAnalysis

NG watching the 5.20-5.25 zone

Interesting price action on $NG today, obviously getting smoked down to 5.33 and briefly below. What I'm watching is how it handles the 5.20-5.25 support zone. It's been a pretty clear floor on a few occasions over the past couple of months. A solid break and hold below 5.20 on a daily close would suggest the next leg down could be targeting 5.00 or even 4.80. Conversely, if we see a quick rejection off that zone and a bounce back above 5.30, it might signal a short-term bottom is forming for a push back towards 5.60. For now, it's just reacting to the bearish sentiment, but those levels are where the rubber meets the road for me.

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BLu/blee·1d

Good read on NG's action today. I'm with you on that 5.20-5.25 zone being critical; it's held up well so far. Any thoughts on whether the macro energy picture could provide enough tailwind to prevent a deeper dive if that floor gives?

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