Natural gas is finding support at the broken short-term resistance around $2.160 and could set its sights on the Fibonacci extension levels next. Technical indicators are confirming that the climb is more likely to gain traction from here. The 38.2% Fib extension is at $2.211 and the 50% level is at $2.226, which is around the swing high. Stronger bullish momentum could take it up to the 61.8% extension at $2.241 or the 78.6% level at $2.263. The full extension is located at $2.291. The 100 SMA crossed above the 200 SMA to confirm that the path of least resistance is to the upside or that support is more likely to ... (full story)