Natural gas has formed lower highs and found support around $2.400, creating a descending triangle on its 4-hour time frame. Price is moving closer to the top of the triangle, which might hold as resistance around $2.550. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that the top of the triangle is more likely to hold than to break. Natural gas is also trading below both moving averages, so these could hold as dynamic resistance near the triangle top. However, the gap between the indicators is narrowing to reflect weakening downside pressure and a potential ... (full story)