Natural gas staged a steep selloff earlier on, taking the commodity price close to the long-term support visible on the daily time frame. Technical indicators are looking mixed, however. The 100 SMA is above the 200 SMA to suggest that the path of least resistance is to the upside or that more gains are likely. Then again, natural gas fell through both moving averages, so these might hold as dynamic resistance moving forward. Stochastic is heading down to show that bearish momentum is in play, but the oscillator is also nearing the oversold region to reflect exhaustion. Turning back up would suggest that buyers are ... (full story)