Writing
🚹 NATGAS — Longs Just Took a Hit!
🔮 Liquidated Long: $58.7K
💰 Liquidation Price: $2.936
📉 Signal: Long-side leverage getting squeezed
Natural Gas is showing some pressure around the $2.93–$2.94 zone. Recent Henry Hub futures data also shows price momentum cooling after the late-September spike, with the Oct. 1 contract closing near $2.98.
đŸ”„ My Market Read:
The liquidation adds short-term bearish pressure, but $2.90–$2.93 becomes an important reaction area. If buyers defend this region, a rebound toward $3.00–$3.02 could develop. A clean break below support would keep the downside setup active.
⚠ Signal View: Neutral-to-bearish below $3.00; watch the reaction at support before chasing a move.
🎯 Key Levels:
‱ Support: $2.90–$2.93
‱ Resistance: $3.00–$3.02
‱ Trigger: Break + volume confirmation
Trade the reaction, not the emotion. 📊⚡
Natural-gas fundamentals are also being influenced by storage levels, weather expectations and LNG demand, so volatility can remain elevated. ïżœ
wsj.com +1

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