The short-term indicators have been pointing to positive price action in natural gas for about two weeks ago now. We have yet to see a move higher which causes me to be a skeptic even though there is $4.00 support right beneath us. If you are looking to go short, a good entry point would be $4.40. If you are long, watch the $3.95-$4.00 area and play it as a 'pivot' . I really suggest you look at the long-term chart.. we just got a 13/34 MA cross.. it's deadly.
Short-Term Perspective
Longer-Term Perspective (note the 13/34 MA crossover)
Chart #2: Longer-Term Perspective:
