Natural gas popped higher in the previous trading sessions, but its rally might be cut short as it approaches an area of interest around $2.750. Technical indicators are suggesting that the ceiling might hold. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that the resistance might keep gains in check, possibly sending natural gas back down to the range support at $2.475. A break higher, on the other hand, could put in on track towards testing the highs near $3.000. After all, the commodity price is also trading above both moving averages, so these could hold as ... (full story)