Natural gas is still moving inside its range after bouncing off the long-term support near the $1.600 lows. Price is closing in on the upside targets near the middle of the range. The moving averages might hold as dynamic resistance, as the 100 SMA is below the 200 SMA to signal that the path of least resistance is to the downside. Price is closing above the 100 SMA, though, so a test of the 200 SMA at $1.800 might be in order. If any of these hold as a ceiling, natural gas could resume the drop to the recent lows again. On the other hand, a move above the middle of the range could pave the way for a test of the ... (full story)