Natural gas is still in selloff mode but might be in for a bounce, as it approaches a support zone visible on the monthly time frame. Technical indicators are still looking mixed, though. Price is testing the floor at the $1.600 area which has held for more than a decade already. A break below this region could mark the start of an even steeper price decline while a bounce could take it back up to near-term resistance levels close to $2.000. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that support is more likely to break than to hold. Natural gas is also ... (full story)