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- Special Report: Bearish NG V5/F6 Spread
Special Report: Bearish NG V5/F6 Spread
Liquidity Energy, LLC
July 23, 2025
Overview
NG V5/F6 Bearish Report
• Momentum has crossed down from overbought levels
• Hidden Bearish Divergence is present — a trend continuation pattern, with a lower price high and a higher momentum high (see arrows)
• Price is trading back below the 20-day moving average (mid-Bollinger Band)
• Trading below the 61.8% Fibonacci retracement of the rally from the July 11th low
• Watch for a move to new lows from here
• Large open interest NG V5/F6 -1.50 put

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Disclaimer
This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC
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