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Why Monday Matters

May 15, 2018

If Leonardo Fibonnaci was alive today, he would say that Monday’s price action on spot Henry Hub nat gas was the first price retracement from the 1/29/2018 high of $3.63/mmbtu and the 2/12/18 low of $2.55/mmbtu.  Of course, this assumes that $2.55 was the low and $3.63 was the high.  The  this table shows the rest of the retracement levels which many use as entry and exit points.