Natural Gas Update
However the big picture is supportive. See Monthly Bar Chart NG After hitting a low of 2.41, an 85% pullback from 15.78 and getting within 45 cents of the 1.95 target, and now having retraced 89% of the last leg down from 4.08, the greater risk still remains to the upside. It may just be a tough grind up structured in abc's. Not unusual for natty.
Shorter term a 50% pull back of the whole move up is around 3.15, a .618 of the last series of abc's comes in at 3.31 and the trendlines will provide some trigger points.