Natural gas is trending lower and seems to be hitting resistance at the descending trend line. Price could resume the drop from here and the Fib extension levels could serve as the downside targets. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to gain traction than to reverse. However, price is already trading above the 100 SMA dynamic inflection point as an early indication of bullish pressure. Still, if resistance holds, the commodity could resume the slide to the 38.2% extension around $2.100 or the 50% ... (full story)