Natural gas has formed lower highs and higher lows to create a symmetrical triangle on its hourly time frame. Price is just bouncing off the triangle top around $1.850 and might be due for another dip to support. However, the 100 SMA just crossed above the 200 SMA to suggest that the path of least resistance is to the upside or that resistance is more likely to break than to hold. If that happens, natural gas could climb by the same height as the chart formation, which spans around $1.700 to $1.900. Stochastic is turning lower from the overbought zone, suggesting that sellers could regain the upper hand soon and ... (full story)