Natural Gas Futures

Natural gas - expect one last crash before upside

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The latest CBOE data shows that hedge funds and large speculators have increased their short positions.
This usually means that there will be a large drop coming in the next few trading sessions.
Retail traders and non-commercials are 84% long and 16% short. This means that there is plenty of liquidity to grab in the $1.80 to $2.10 region.
I'm not saying $1.80 is likely, but too many traders are disregarding it as a possibility. I still think one more dip to $2.10 is the most likely scenario given the futures data.

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