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May Nat Gas/Bumping 200ema once again *PIC*

May Nat Gas is the most active contract and is once again bumping up against its 200ema that has stopped any type of comeback in its tracks since 2008. Price needs to 'clear and hold' above this resistance point to suggest any more on the upside. Next actual price resistance is 4.95. Clearing this would confirm some type of uptrend had finally begun and put an end to the repeated lower highs and lower lows in this downtrending pattern. Until then nothing much has changed.

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May Nat Gas/Bumping 200ema once again *PIC*