Will $NG hit 4.xx this month?
แปลอัตโนมัติจากต้นฉบับ · อ่านต้นฉบับ (English)
Saw $NG drop sharply by 3.66% in one day, and today it gapped down a bit more. I think it's starting to look interesting. Many people are seeing low demand right now, but there hasn't been any major news about supply that would cause such a big drop. What's certain is that the weather is getting warmer globally (from what I've followed), which has reduced energy demand somewhat.
But from a technical perspective, it has dropped quite a bit, but not to the point of panic selling. To see 4.xx, there needs to be a bit more stimulus. I'd give it about a 60% chance that we'll see $NG touch 4.xx in the next 2-3 weeks. Because if supply doesn't decrease and demand hasn't fully recovered, I don't think the selling pressure will end easily.
But if it drops to that level, will it rebound? We'll discuss that later. For now, I'm just waiting to see if the old low will be broken. Anyone with other perspectives, feel free to share.