Natural gas appears to be finding support at the former falling trend line resistance on its hourly time frame, indicating that bulls are ready to sustain the reversal. The Fibonacci extension tool shows the next potential upside targets. The 38.2% level is close by around $5.470, then the 50% extension is at $5.564. Stronger bullish momentum could take natural gas up to the 61.8% extension at $5.658 or the 76.4% level that lines up with the swing high at $5.775. The full extension is near the $6.000 major psychological mark. The 100 SMA crossed above the 200 SMA to confirm that the path of least resistance is to the ... (full story)