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Everyone Fixates on Oil as Natural Gas Positions for Upside Acceleration


Natural Gas appears to be lifting out of a two-week bullish-coil pattern that points next to a challenge of near-term resistance at 3.25, which, if hurdled, will trigger upside acceleration to fill the down-gap left behind on Dec 30 - Jan 3 (3.58/65).

At this juncture, only a break below 3.00 will compromise the strengthening set-up.

Keep in mind that tomorrow morning we get the next installment of Natural Gas Inventory Data, the reaction to which will make, or break the current set-up.

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