Nat gas still has long term support around 1.25. It could go lower from here today. Not good backdrop with the powers that be trying to shut down the economy right now for the second time. Not saying it will go to 1.25 but it's been acting real sluggish. I stopped trading it in the 1.70 range. Watching and will get back in if it hits that longer term low. Right now not worth the risk to me. 

    yep though nat gas still

    Posted by matt on 26th of Jun 2020 at 02:45 pm

    yep though nat gas still vulnerable, 15 min chart not that pretty could be forming another bear flag of some sort

    Agreed > totally vulnerable.  While

    Posted by tahoe on 26th of Jun 2020 at 03:09 pm

    Agreed > totally vulnerable.  While much of the market does not seem to pay attention to fundamentals, the core fundamentals of NG are horrific and no particular open path forward insight.  A lot will depend on continuing shutting in of production, hot weather, and rebound in LNG demand, and possibility of increases in fueling switching for power production.  The winter high was nothing compared to previous years, and the supply demand has only exacerbated the misalignment.   $NATGAS Daily -

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