Natural gas is still in correction mode, with price bouncing off the 61.8% Fibonacci retracement level seen on its 4-hour time frame. A deeper correction could still reach the channel bottom at $1.700 to attract more buyers. If any of these support zones are enough to keep losses in check, natural gas could resume the climb to the swing high at $1.889 near the channel resistance and $1.900 major psychological mark. Technical indicators are reflecting the presence of bullish pressure as well. The 100SMA is above the 200 SMA to indicate that the path of least resistance is to the upside or that support is more likely ... (full story)