Natural Gas took another shellacking today with the front month November NYMEX contract finishing the day down by 4.85% to $5.71. Much of the selling in US markets seems to be led by the European gas markets, which have fallen precipitously over the past few sessions. The Dutch TFF market was down 11% today, providing meaningful relief to our friends across the pond. From a technical standpoint, look for the Nov contract to retest the late June/early July lows at $5.47, below that $5.20 should be the next stronghold. Stay safe and please remember you should always be happier buying pullbacks, than buying breakouts!
