Prices Seek to Challenge Nov Gap

Daily Continuous

It seems that the price action wants to challenge the gap at $2.37 from the premium afforded the Nov contract as it took over as prompt in Sept/Oct. That extension should be expected early this week and has started late Sunday night.

January completed a continuation “outside” week lower .  The January contract traded its third straight lower weekly high and then on Thursday closed below the November low.  Volume during the declines was the highest since the first week in August as prompt gas was breaking out higher and the eighth highest in all of 2020.

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