Hoshour- I don't know what the macro chart technicals are reflecting-

BUT nat gas pricing has been unprofitable for gassers for at least a year now, if not longer. So significant downside has already been priced in here & I am looking to see more softness into summer, but keeping my eyes peeled for a bottom sometime this year. In inidivudla ticks I follow- I am thinking about 10% more downside would be a good entry-- I like RRC at 51 for example- would be long term for me-- which is years & years if it holds up.  I don't trade gasser etfs-- but I did read once UNG hits 24 & manages to  stic- a pricing recovery could be in play.

I think the break even for most gassers is $4 range. Many were drilling only to keep leases . Storage is beyond record highs- not good. Now  eyes are on the nat gas rig count which is finally dropping-- CHK & others have FINALLY shut in more wells . That should help.