Natural gas is testing the rising trend line support on its 4-hour chart. Holding as a floor could allow the commodity to resume its climb to the upside targets marked by the Fibonacci extension tool. The 38.2% level lines up with the swing high around $2.950 then the 50% to 61.8% levels are near the $3.000 major psychological mark. Stronger bullish pressure could take natural gas up to the 76.4% extension at $3.041 or the full extension near the $3.100 handle. The 100 SMA is above the 200 SMA to confirm that the path of least resistance is to the upside or that the rally is more likely to resume than to reverse. The ... (full story)