$4 Natural Gas, $5 Diesel Futures - New Ceilings? January US natural gas (NGF27) and the front heating oil (diesel) future may have run into ceilings around $4 per million BTUs and $5 a gallon. My graphic highlights NGF27 shifting the key pivot near $4/MMBTU when Russia invaded Ukraine in 2022 into resistance since July, with managed money net-short at about 7% of natural gas futures' open interest. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tn77yakgzair {BI COMD} #NaturalGas #Diesel #futures #Energy @BBGIntelligence