Natural gas has done horribly for weeks, and it seems extremely stretched to the downside relative to its multi-decade cycle.
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart__NG-640x343.jpg)
I’d also argue this point by way of KOLD, which is under massive overhead supply.
![](https://slopeofhope.com/wp-content/uploads/2024/07/slopechart_KOLD-640x343.jpg)
The point being: I think natural gas is about to head higher.