Sept Nat Gas poked its nose above the 200ema "BOOGIEMAN" and got hammered. This has occurred several times over the last few years and failed each time after a few days. Very typical of bear market rallies. This was also major resistance at 3.15 as well. Price must be able to clear and hold above 3.15 AND the 200EMA to expect this rally to continue. While the lower technicals are above their center lines note the negative divergences showing on the RSI 21 and CCI 20 showing a loss of momentum at this important price level. Price is now sitting on its 7 week uptrendline with this sharp pullback and needs to hold to avoid further losses and even put into question the rally.