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Natural Gas Futures

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NG1! OCT 20 UPDATE
Current Setup:

Price: $3.42 (+14% rally from $3.00)
Pattern: Gap & crack, rope-a-dope reversal
Weekly STRAT: Flipped 2up (bullish)

Oct 23 EIA Prediction: 72-76 BCF

vs Historical baseline: 93.8 BCF
Expected surprise: -18 to -22 BCF (bullish)

Market positioning:
Price front-running Thursday's report. Last 2 EIAs both came in at 80 BCF with different fundamentals. Accumulated lag likely shows up this week, making it even more bullish.
Catalysts ahead:

Weather turning colder (5 cities bullish)
Contract rollover to Dec approaching
Storage deficit accumulating

Key level: $3.46
Break above opens door to $3.60-3.80+
Risk: Profit-taking before Thursday report
Good hunting
Snapshot



NG1! Hope you all bought last week, lovely day today 📈



NG1! told you it’s a buy, pretty obvious setup