Has Natural Gas Started a New Upleg?

Ahead of tomorrow's Inventory Report, Natural Gas has pivoted to the upside after retracing right to a test of the upside breakout level (3.15/20) of its 2-year resistance line, which is very constructive price behavior within a larger-developing bull phase, and argues for a positive reaction to the Inventory Report that perpetuates continued price strength for a revisit of the December high, in route to 4.00-4.10, thereafter.

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