Natural gas seems to have completed its pullback to the broken channel resistance on the hourly time frame and is gaining traction on its climb. The Fibonacci extension tool shows the next potential upside targets. The 38.2% extension seems to be holding as a ceiling around $8.270, but stronger bullish pressure could take natural gas up to the 50% level at $8.371 next. Sustained buying momentum could take price up to the 61.8% Fib at $8.472 or the 76.4% level near the swing high. The full extension is at $8.799. The 100 SMA is still below the 200 SMA to indicate that the path of least resistance is to the downside or ... (full story)