RE: 14 day temp trend is below normalWell, there are many expecting a draw of storage due to winter season and $6 going into the season and as a matter of fact way too many and are long too, this alone worries me.
Technically, DEC NG hitted 4.334 during early September and reaches a high of 5.992 just a few days ago, it is trading at around 5.2 right now....oversold...yes but it also has broken the uptrend since early September, back test the lower up trend line is possible which is at around 5.50 but bear in mind it was a gap down break of this trend and it is not bullish in my books.