Natural Gas Trying To Stop The Falling Knife

NG
-3.93%

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Natural Gas is clearly weak. A double top was made at $10. The total capitulation would be in the $5 area but we are not there. Trying to call a bottom here is like catching a falling knife.

However, the double support, one horizontal from last year and one ascending from this year may help this market rebound.

Nat Gas Chart

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