Natural gas broke above the short-term falling trend line connecting its highs on the hourly time frame, signaling that a reversal from the downtrend is in the works. Price also broke above the neckline of a double bottom pattern to add confirmation that an uptrend might follow. The commodity price has yet to break higher than the 200 SMA dynamic resistance to draw more buyers out. On the subject of moving averages, the 100 SMA is still below the 200 SMA to suggest that the path of least resistance is to the downside or that there’s a chance the selloff might resume. The gap between the moving averages is widening to ... (full story)