Though not supported by fundamentals, Natural Gas is in the oversold territory. High probability of a bounce (based on technicals) to the 2.6 to 2.7 area before the sell off could continue or we might get stuck in a sideways movement until the summer months when the cooling demand increases.
Komentar:
This is also the zone that, historically, attracts a lot of speculative buyers. The EIA report can have a big impact on the direction today.