{video} It seems like natural gas is not yet ready to reverse to the upside. It tried earlier in the day but so far has failed to hold the breakout and has fallen back into its previous price range. {chart} Natural gas broke out above Monday’s 3.56 high early in the day to eventually rally into resistance at the 12-Day EMA at 3.59. That’s the high for the day so far. Subsequently, it turned down to eventually fall below Monday’s low thereby generating an outside day. So far, natural gas is also trading inside week. The early-morning rally also provided a false breakout of the declining parallel channel as price got ... (full story)