A small position on dips makes sense because given enough time, we could see buyers push this market to the upside and break above the $3 level. But I think that happens sometime later in the year as we start to approach fall. So that’s why I use an ETF. I don’t really care about day-to-day fluctuations. Natural gas is a great market to lose money in and most retail traders find that out really quickly. Remember, it’s driven by supply and demand, transmission, the lines in America, for example, and of course, the weather patterns of the Northeast and part of the United States.

Peripherally, you can add whether or not Russian gas is being bought by Europeans who are currently at war with them peripherally via transmission through Ukraine. So, you can see how much nonsense it’s kind of baked into this market. When you say that out loud, looking at the four hour chart from a bit of a distance, you can see that we are also perhaps in the middle of a rising wedge. So maybe another shot higher and then a plunge that could put us down to about $2.33, which is a very viable price this time of year. At that point, I would probably be looking to add to my ETF position.

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