Natural gas...time to buy?
Natural gas just keeps bleeding lower.
Despite the oversold intra day condition this commodity is finding no support.
Natural gas equities are mixed right now, but are definitely showing some signs of accumulation.
We think the next 2 support zones on Nat gas if we lose this critical area are $2.21 & $2.00
Beware Nat gas tends to overshoot.
This trendline we are holding right now connects through major lows going back to 2020.