Looking at $NG at the end of this month

The main point is that $NG is still under pressure from supply that seems to often exceed demand. Even though there have been some bounces, the overall picture is clearly bearish.

It is expected that $NG will close this month below $5.705 with a probability of about 65-70%. The main reason is that fundamental factors are still not supportive, and the recent recovery is not strong enough to easily break through key resistance. Selling pressure continues to come in when the price moves closer to the previous resistance. If it truly breaks down, 5.705 will become resistance instead of support.