Natural gas sold off recently but is still within the correction zone on its latest rally seen on the 4-hour time frame. Price is inching closer to the 50% Fibonacci retracement level that lines up with a former resistance zone. The 100 SMA is still above the 200 SMA to suggest that the path of least resistance is to the upside or that support levels are more likely to hold than to break. A larger pullback could reach the 61.8% Fib that’s closer to the dynamic support at these moving averages around the $2.200 mark. If any of the Fib levels hold as a floor, natural gas could resume the climb to the swing high at ... (full story)