Natural gas broke above its descending trend line on the 4-hour time frame to signal that a reversal from the downtrend is in order. Price looks prime for a retest of this former resistance which might now hold as support. The 61.8% level lines up with the broken trend line around $4.131 while the 50% level is at $4.290. Price is already testing the latter, which might be enough to send natural gas back up to the swing high near $5.000 or higher. The 100 SMA is crossing above the 200 SMA to confirm that the path of least resistance is to the upside or that support is more likely to hold than to break. These moving ... (full story)