Natural gas - Dec 20, 2022

I think that the NG price may continue to head down for a little bit. It looks like it may push through this current support around $5.3 (although it may have some small support here) and then head even lower. You can see the price should find some support from an old trendline and price levels around $4.80. I'm looking at that area as a place where we could do a buy (swing trade) if it looks like it's getting support there and market conditions are right (weather/supply).