Natural gas has been moving sideways in a range with support at the $1.560 level and resistance near the $2.000 major psychological mark. Price looks ready for another test of support, and technical indicators suggest that selling pressure is picking up. The 100 SMA crossed below the longer-term 200 SMA to indicate that the path of least resistance is to the downside or that support is more likely to break than to hold. If that happens, natural gas could be in for a slide that’s at least the same height as the rectangle pattern. Price is moving below both indicators, so these could hold as dynamic resistance levels ... (full story)