June Nat GAs /Bouncing Back! *PIC*

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June Nat Gas bounced back after selling off and is holding above 2.60 resistance again. Good sign. Price needs to hold above 2.60 much like it did above 2.40 to suggest a run up to its downtrendline or even next price resistance of 3.05. Very nice comeback after earlier selling. And on a day where "risk off" is the theme with most everything else, especially in the energy sector is selling off. Note the positive difference between price action since mid April. No more 'stories' about NG falling out of bed "because of blah,blah,blah. And nothing much has changed fundamentally.

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