Natural gas might be in for sideways price action as it bounced off the resistance at $2.375 and could be setting its sights on support around $2.200. Technical indicators are suggesting that a move higher is still more likely. For one, the 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the climb is more likely to gain traction than to reverse. Price is also finding support at the 200 SMA dynamic inflection point and the gap between the indicators is widening to reflect stronger bullish pressure. Stochastic is turning up after recently dipping ... (full story)