Natural gas formed lower highs and found support at the $1.635 level, still trading within its descending triangle on the 4-hour time frame. Price is currently testing the triangle top. If this holds as resistance, natural gas could fall back to the triangle support or even attempt a break lower. If the latter happens, the commodity price might tumble by the same height as the chart formation. The 100 SMA is still below the 200 SMA to signal that the path of least resistance is to the downside or that the selloff is more likely to gain traction than to reverse. Then again, price is climbing above both indicators as ... (full story)