Play is probably to find a different product to trade. Storage balances are robust and production is growing. The next time to buy is probably in 2024 when LNG capacity starts to grow and rig counts stagnate and potential drop off because of lack of investment due to credit issues or ESG.

If you really want to try to get an edge trading gas, look at storage balance forecasts, mid term weather, production forecasts, capital investment projections, pipe capacity/lng capacity build out news,...

Not some idiot talking about Elliot wave, and historically low prices.

Major drillers just said in their earnings calls they are profitable down to like 1.60. They aren't going to stop. Gas to coal switching is less of a lever and large capital investments in industrials are long term risky, unappetizing endeavors. Vol was absolutely wiped this winter but there are still pockets that are likely soft.

If you absolutely must trade NG because you are fixated on it, sell out of the money calls on J-V and you'll probably make money, but the market will sweat you for it.