NATURALGAS institutionals are currently massively buying the dip while retail is out of market for good. There's resistance at 3.40 and 3.45 and support at 3.20 and 3.05. Either this is yet another fake bs pumping before dumping or indeed we have institutional interest at this zone 3.40.For a long entry I'm looking at 2 scenarios: a) breakout of price above 3.40 and hold that level tomorrow - price bouncing up with volume from vwap; b) price keeps falling and finds support at either 3.20 or 3.05 with trend reversal following i.e price going above and holding vwap on either of those levels.
For a short entry I'm looking at a rejection of 3.40 or rejection from vwap tomorrow during premarket or US am sessions.
Good luck everyone!
