Nat Gas Should Hold Support @ $6.5
The natural gas market has been supply constrained ever since the Russian ukraine war started. The war is significant to the natural gas market because Russia is the worlds 2nd largest producer of natural gas. Russia also holds 20% of the worlds natural gas reserves. NAT GAS is trading above a crucial 10 year resistance level around $6.5, we broke this level around April 13th. Since breaking that level we saw NAT GAS trade up to $6.5, now we are seeing NAT GAS come back down to this level, I believe we see this $6.5 level hold and NAT GAS move higher
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