Premature to say perhaps, but it seems that NG may have found 'the' trigger that finally breaks it free of the malaise it has been buried in for so long.
Unfortunate that this trigger comes out of the devastation in Japan, but the demand that is going to be steered away from nuclear energy technology in the near/medium term may find a home with the 'safer' alternative of NG. With nuclear concerns obviously weighing on the 'powers that be' in the U.S., the abundant domestic supply of NG becomes the clear and obvious choice on a path to (eventually, hopefully) energy independence.
Prices are up strongly today, crossing back over the $4 mark. Of course we need to see prices hold and build upon this level before it can be conclusively called a 'turn' but it bares close attention as NG moves into a period of seasonal strength.
The pure play NG producer Encana is perking up nicely today, rising above both the 20 and 50dma's this afternoon after the successful test near the 200dma last week. OBV is positive/constructive and RSI has regained the 50 level interday. Can't get too excited though until price breaks/closes above the $32.60ish area, but things appear to be rounding into form for this chart.