Natural gas futures NG moved higher as it started rolling into January contract on Nov 20. Technical conditions are oversold on 4 hr chart. We have an unfilled gap at $3.1 level, a possible target for an upside move. Weather forecasts into early December are less bearish than last week, but still alternate shots of cold air with periods of warming.
Next week EIA...
Big Money left a volume marker on the 2021 winter contract at $2.60 around the .78 fib level.
Keep an eye out for a pull back to this level for a buying opportunity @ $2.60
If this plays out, at the very least price should pop to $3.20
However if this level somehow fails, lookout below.