Natural gas has formed lower highs and found support around $2.850, creating a descending triangle pattern on its hourly time frame. Price looks ready for another test of the triangle bottom. A bounce could take the commodity back up to the top of the triangle at $3.100 while a break lower could set off a drop that’s the same height as the formation. The triangle spans around $2.850 to $3.250, so the resulting slide could last by $0.400. The 100 SMA is above the 200 SMA to signal that the path of least resistance is to the upside or that support is more likely to hold than to break. However, the gap between the ... (full story)