Natural gas is forming a fresh ascending trend line on its hourly time frame, with price currently pulling back to support. The 50% Fib seems to be keeping losses in check near the 100 SMA dynamic inflection point. This moving average is 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. A larger pullback might still reach the 200 SMA just slightly below the trend line support at $8.400. Stochastic appears to be pulling higher from the oversold region to signal a return in bullish pressure. If that’s the case, natural gas could already ... (full story)