More on Natural Gas.
What an interesting market; Fundamentally, technically, geopolitically, the LNG story, climate! Just wow. First of all short term, the highlighted area does NOT look like a rounding top to me. It looks like a fast, choppy consolidation just under the highs. Taking out those highs decisively..call it a settle, projects up to 10.25 or 10.85 or even 12.35 (see very long term chart fib points). BTW on an inflation adjusted basis it's cheap haha. Other point s of interest; Long dated NG swaps J5 to Z9 getting done. Have a great August weekend.