Is Natural Gas Showing Signs of Downside Exhaustion, Finally?

Increasingly, my pattern work indicates that the most recent downleg from the Jan 15 recovery-rally high at 3.352 to yesterday's low at 2.766 ended the entire bear phase from last Nov high at 4.544.

If that proves to be reasonably accurate, then the action in Natural Gas today represents the very early strength of an emergent, potentially-powerful recovery-rally period.

A climb above 3.02 is needed to confirm an initial buy signal.