Natural gas is in the middle of a major correction as it retreats close to a long-term rising trend line visible on the daily time frame. The Fibonacci retracement tool shows where buyers might be waiting to hop in. The 100 SMA is above the 200 SMA to indicate that the path of least resistance is to the upside or that support levels are more likely to hold than to break. The gap between the moving averages is widening to reflect strengthening bullish momentum. Price appears to be testing the 100 SMA dynamic inflection point, which lines up with the 50% level around the $2.500 mark. If this is enough to hold as ... (full story)