Natural gas is still on the backfoot and might be making its way to the next major support around the $3.690 area. Technical indicators are suggest that bullish pressure could still pick up. The 100 SMA is above the 200 SMA to indicate that the path of least resistance is to the upside or that support is more likely to hold than to break. If that happens, natural gas could bounce back up to the near-term resistance levels around the moving averages. Stochastic is also on the move up to show that buyers have some energy to push prices higher. However, the oscillator appears to be turning lower, hinting that sellers ... (full story)