Look at price action with most of March price trading between 2.40 and 2.60 and then broke down. This then becomes price resistance on the way back up as many traders are trapped in those trades still. Plus many traders that exited have no faith in that 'assumed' basing area that 'appeared' to them to be the bottom. Add to that savvy traders that know many that are still long in that price area looking to exit after being underwater so long will short the crap out of that price area knowing those still long traders will be sellers. And chart readers see this as resistance instantly and will short there as well. Many reasons why that price zone will be resistance. And directly above that saw the price area of 2.60 to 3.05 spend 6 weeks in this range which is even more of the same and longer. So for NG to clear 2.40 and wade through 3.05 is about the same as you trying to swim through a pool of bubble gum. That's how it works according to the good book. And the good book never lies. Just think of how you feel when long and bullish in any of those price areas and you get trapped with prices falling for weeks and months. You know what you are going to do once you can get your money back. You will dump it all as a rule. And everyone including short sellers and techncial traders know this. So you haven't a chance of exiting unless 'something' happens to change the fundamentals dramatically. Good luck with that being Nat Gas. Normally what will occur is a base will form with a sideways trading pattern for weeks and even months with prices in a 'range' and the moving averages flattening out and even turning back up. Then one day price will clear the channel high and rally. The base is what's called Stage #1 and the breakout of the base is called Stage #2 which is the bullish stage and the one to trade long for a position trade not a day trade or even swing trade. Then at some point in the rally months later price will top out which is Stage #3 topping stage which tends to be very long and erratic with smart money exiting and dumb money accumulating. Then that topping stage breaks down and the bear market which is Stage #4 begins which is where to get short and forget about it with perhaps a trailing stop. That's what I understand it to be all about fwiw.........but draw your own conclusions of course. Note the 50 line on the RSI 21 AND the 0 line on the Modified MACD. This has been very consistently bearish all through this selloff downtrend.