Natural gas - quarterly VWAP at 2.23 likely
Natural gas is going down. According to CBOE COT report, most big hedge funds and leveraged funds net short since April 2024.
Expecting price to hit at least 2.23 before any meaningful bounce. If leveraged funds and hedge funds keep adding to short positions, it is even more reason to avoid long natural gas.
As per CBOE COT report, retail traders 'non-commercials' are net long on natural gas. This is not something you want to see as most retail traders are usually on the wrong side of the trade.
Expecting price to hit at least 2.23 before any meaningful bounce. If leveraged funds and hedge funds keep adding to short positions, it is even more reason to avoid long natural gas.
As per CBOE COT report, retail traders 'non-commercials' are net long on natural gas. This is not something you want to see as most retail traders are usually on the wrong side of the trade.
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