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TFC Commodity Trading Forum

March Nat Gas/Testing its Lows *PIC*

March Nat Gas has come back from its bounce back up to the 20ema and is pulling back now and testing its recent lows. Important test for NG. A breakdown below the recent lows would simply be a continuation of the bear like previous bounces back the the falling 20ema. Any meaningful change back up or base building pattern would need to see this low hold plus price clear the recent high and then rally to and through price resistance at 2.96. Looks like a tall order presently but let the chart tell the story....................