Natural gas has made a pretty wild move today—wild enough to remind me of checking the gas meter before turning on the heat in winter. $NG is up 8.53% on the day to 3.42, climbing all the way from 3.12, with the 24-hour high of 3.45 just a breath away.

In plain English: an 8%-plus daily gain in commodities isn’t something you see every day. Anyone holding long positions is probably feeling both excited and nervous right now—excited because it’s up, nervous because 3.45 is right overhead. It needs to break above that level to truly open up more room. If it can’t, today’s bullish candle could turn into a long upper wick.

I’d rather watch from the sidelines for now and see what it does around 3.45. I’ll admit if I’m wrong—the key level is 3.45, and if it breaks above, I’ll change my mind right away; that would mean this rally still has legs. But if 3.45 pushes it back down and it falls toward 3.12, then the momentum will have fizzled out. (The prices above are for OKX natural gas USDT perpetual futures.)

Natural gas is up 8.53% in a day. Do you think this rally is backed by real demand, or is it just a brief burst of excitement?

$NG
#天然气 #Commodities