$NG1 Update - Dec 17
$4.00 holding (key psychological level)
Next target: $3.58 (gap fill + 200-day MA)
Expected path:
Rally to lower high, then one more drop to support. Everyone calling bottom—classic setup for final shakeout. pain train
Notes:
Mild weather narrative about to shift
Backwardation playing out: NG2 already touched 200MA
NG1 likely follows soon
Let's see how it plays out.
Good hunting.
$4.00 holding (key psychological level)
Next target: $3.58 (gap fill + 200-day MA)
Expected path:
Rally to lower high, then one more drop to support. Everyone calling bottom—classic setup for final shakeout. pain train
Notes:
Mild weather narrative about to shift
Backwardation playing out: NG2 already touched 200MA
NG1 likely follows soon
Let's see how it plays out.
Good hunting.



