NG could possibly bounce
Updated
Though not supported by fundamentals, Natural Gas is in the oversold territory. High probability of a bounce (based on technicals) to the 2.6 to 2.7 area before the sell off could continue or we might get stuck in a sideways movement until the summer months when the cooling demand increases.
Note
This is also the zone that, historically, attracts a lot of speculative buyers. The EIA report can have a big impact on the direction today.
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