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Welcome to the pullback edition of Natural Gas Daily!
We have sold out of our EQT (EQT) position for a gain of ~29%. The double rejection off of $17 (our price target) was a bit concerning, indicating this to be a very strong resistance level. If it fails to break out above $17, then we could see a retest back to $14.60.
As for natural gas prices, the recent pullback was largely expected. Since the beginning of this week, we have been publishing NGFs that centered around the idea that prices were going to hit