Oct Nat Gas bumped up against the BOOGIEMAN (200ema) once again and backed off. Price must be brave enough and have enough momentum to not only clear the 200ema AND hold above it to turn it upwards again but also clear major resistance of 3.20. Until then all it is doing is base building at best in an 8 month channel between 2.30 and 3.20. Bottom line: chop,chop chop.............lots of money has been lost by those trying to pick a bottom in Nat Gas. Bottom picking can be hazardous to your trading account if you don't already know it.