A measured move downwards if 2.1 breaks will be 1.5. I am not sure though it will be considered a break until we see weekly closure. If the breakdown is confirmed we probably see low range for a long time. I will be looking for 1.9-2.0 on weekly as tipping point.
Issue is that buying until reversal is confirmed could burn even more people until first gas. 2026 is to far out in the future to reasonably predict what will happen in the world, but I agree in being bullish on NG short medium term.
Q1 - 2024, page-49
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