Sept Nat Gas continues to chew away at the 2.91 resistance area and getting bolder. Price has been trapped above the downtrendline after a successful test of the 2.22 double bottom. A break that holds above 2.91 would be another postive sign with only 3.15 standing in the way of a significant rally which is typical and long overdue for this bear market. Technicals are much improved. A breakout over a downtrendline followed by a tight consolidation pattern above it tends to be bullish with a breakout to the upside a high odds trade. Better odds in a bull market but the pattern also works often enough in a bear market like NG as well.
